In the Feb. 18 cover story to Insurance Advocate, attorney Peter Bickford lays out his case for how the ongoing ELNY debacle has exposed the New York Liquidation Bureau for what it is: an office held no meaningful accountability for what has been one of the longest unanswered stretches of regulatory mismanagement in the history of the modern insurance industry. Bickford also appeared in National Underwriter Life & Health’s own award-winning treatment of the ELNY liquidation, and as usual, he makes a host of excellent points about this ongoing travesty of justice. If you have not yet read about ELNY, do. It is the kind of case that eats at the heart of a working insurance marketplace.
Life insurers volunteered to give consumers facing COVID-19 financial hardship 90 days to pay their bills.
Athene says the pandemic may be a concern for it, too.
The draft interpretations could affect mortgage loans and premium grace periods.
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