Opinion CIVIL ACTION NO. 1:07-CV-0554-RLV. ROBERT VINING JR., Senior District Judge This is a fraud and conspiracy action in which the plaintiff seeks to rescind its 2005 policy insuring the life of Leni Kleiner. American General Life Insurance Company alleges that the insured and Leni Kleiner 2005 Family, LLC, fraudulently misrepresented Leni Kleiner's net worth and thereby obtained a policy that American General otherwise would not have issued. Pending before the court are a Motion to Dismiss by Leni Kleiner 2005, LLC, and Liberty Two Funding Trust [Doc. No. 10], a Motion to Dismiss by Leni Kleiner [Doc. No. 21], and a Motion to Deposit Funds Into the Registry of the Court by American...
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DFS SUPERINTENDENT LACEWELL ANNOUNCES AIG TO PAY $12 MILLION TO NY FOR UNLICENSED PENSION RISK TRANSFER BUSINESS AIG’s Pension Risk Transfer Business Solicited Business in New York and Placed Group Annuity Contracts with American General, an Unlicensed AIG Subsidiary Part of Ongoing, Industry-Wide Investigation of Pension Risk Transfers Deals in NY Superintendent of Financial Services Linda A. Lacewell announced today that AIG will pay a $12 million penalty to New York State for New York Insurance Law violations related to its subsidiary American General Life Insurance Company (AGL) and that company’s pension risk transfer (PRT) business. A New York State Department of Financial Services (...
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AIG LIFE INSURANCE COMPANY SUPPLEMENT DATED DECEMBER 16, 2004 VARIABLE UNIVERSAL LIFE INSURANCE POLICY IMMEDIATE VARIABLE ANNUITY CONTRACT PROSPECTUSES Effective December 16, 2004, AIG Life Insurance Company ("AIG Life") is amending all of its variable universal life insurance Policy and immediate variable annuity Contract prospectuses for the sole purpose of amending its Legal Proceedings section in the prospectuses to disclose the recent settlement of its parent corporation, American International Group, Inc., with the Securities and Exchange Commission. The "Legal Proceedings" section found in each of AIG Life's prospectuses is revised as of December 16, 2004 by replacing the section...
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We could always use a life insurance company that protects financial security of you and your loved ones and to obtain peace of mind and protection. In the long journey of our life full of uncertainties, we seek for life insurance, for a better life with less concerns. Here at American General, you may find the right insurance products for you, individuals or business. Your Life Insurance Partner Instructions Life is always becoming, never being. You are living in a world of changes. Uncertainties are ahead of you. Whether you are married, having a baby, buying a house, planning for college, planning for retirement and planning your estate, or starting a new business, you don’t want...
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Robert M. Devlin: Businessman & Philanthropist For Bob Devlin, the combination of natural business acumen, strong family ties and Irish roots has proven unbeatable. Today, at 72, he is chairman of Curragh Capital Partners, a New York-based investment firm that – between its Irish-inspired name and the fact that he founded it with his eldest son, Michael – embodies his central values. Devlin was born in Brooklyn in 1941 to Norma Hall Devlin and John M. Devlin, whose grandfather James Devlin immigrated to the U.S. from County Donegal in 1848. John Devlin’s story is a remarkable one. Born in Brooklyn in 1911, he grew up during the Depression, and, as a result, did not have much of a...
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Even cancelled polices can have residual value, and benefit payments … Speak to an American General Life Insurance Customer Service Representative. payments from the policies' cash reserves until depleted, at which time New rules taking effect in 2012 require a more diligent effort, but estimates are $1 billion in unclaimed life insurance among the major underwriters. Manage Your Life Insurance Policy: Pay a Bill, Make a Claim, Change Beneficiary and more. Email, Address, … Insurance industry’s defense Weâre hiring.Policies issued by American General Life Insurance Company (AGL), Houston, TX, except in New York, where issued by The United States Life Insurance Company in the City of New...
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MARLBOROUGH, Mass., May 27, 2020 /PRNewswire/ -- Today DALBAR announced that AIG Life & Retirement has earned DALBAR's inaugural Customer Experience Excellence Award . This award recognizes the outstanding work that the Individual Retirement division of AIG Life & Retirement has done to provide a superior standard of care for its variable annuity customers across the service channels that make up the majority of its customer interactions. As DALBAR Director Brendan Yeager explains, "The customer experience is not limited to a single service channel; rather it is the totality of interactions with a provider across different forms of communication. AIG Life & Retirement...
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Our AIG Life Insurance Review For 2020 AIG (American International Group) is synonymous with the insurance industry. They’re a multinational insurer founded in 1919 (funnily enough in China) and now operate in over 100 countries covering general insurance and life and retirement products. For this AIG review, only the Life insurance products for individuals will be covered. Those UK Applicable Products Include: Key3 Critical Illness Cover Care Cover with Whole of Life Insurance AIG Life Insurance · Compare & Save · Fast & Easy Quotes · Give Your Family Security When searching for online quotes for life insurance, the only AIG product you will find on comparison engines is the...
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Burial insurance rates at center of American General controversy The Florida insurance commissioner has filed a cease-and-desist order directing American General to stop collecting higher premiums from African-Americans. The order comes as the result of a year-long investigation by the Florida insurance commissioner's office into the sale of industrial insurance. Officials pulled records dating back to 1959 in that investigation. Industrial insurance policies are often referred to as "burial insurance" because they generally only pay for the cost of a burial. Many industrial insurance policies are still paid weekly and collected by door-to-door insurance agents. Industrial insurance is not...
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