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Joseph M Belth

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BUSINESS
September 11, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
Lawyers at the Center for Public Interest Law in San Francisco on Monday sued California Insurance Commissioner Roxani M. Gillespie, attempting to force her to make public documents relating to a transfer of $45 million from a subsidiary of First Executive Corp. to the parent company in 1989. First Executive, based in Los Angeles, is a financially troubled life insurance holding company that has taken huge losses because of the declining value of its junk bond portfolio.
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BUSINESS
September 11, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
Lawyers at the Center for Public Interest Law in San Francisco on Monday sued California Insurance Commissioner Roxani M. Gillespie, attempting to force her to make public documents relating to a transfer of $45 million from a subsidiary of First Executive Corp. to the parent company in 1989. First Executive, based in Los Angeles, is a financially troubled life insurance holding company that has taken huge losses because of the declining value of its junk bond portfolio.
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BUSINESS
June 30, 1999 | Liz Pulliam
Three top SunAmerica Inc. executives received $120 million in compensation last year and ranked among the six highest-paid insurance executives nationally, according to a survey by the Insurance Forum, an industry newsletter. Los Angeles-based SunAmerica was merged into American International Group Inc. on Jan. 1. AIG Chairman Maurice R. Greenberg was the seventh-highest-paid executive last year, with a total compensation of $21.5 million, the newsletter said. Editor Joseph M.
BUSINESS
April 23, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Pacific Mutual Life Insurance Co., the largest life insurer based in California, sought state approval Tuesday to convert its structure to one that would allow the public to buy a stake in the 129-year-old company. The Newport Beach insurer sees its future expansion through acquisitions and wants to be able to tap the public markets for cash to finance its purchases. As a mutual, the company is owned by policyholders, making it difficult to buy other firms.
BUSINESS
August 19, 1999 | LIZ PULLIAM, TIMES STAFF WRITER
Metropolitan Life Insurance Co. agreed Wednesday to pay at least $1.7 billion to settle allegations that 7 million of its current and former policyholders were hit with deceptive sales practices.
BUSINESS
April 23, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
Pacific Mutual Life Insurance Co., the largest life insurer based in California, sought state approval Tuesday to convert to a new corporate structure that would allow the public to buy a stake in the 129-year-old company. The Newport Beach insurer sees its expansion through acquisitions, and it wants to be able to tap the public markets for cash to finance its purchases. As a mutual, the company is owned by policyholders, making it difficult to buy other firms.
BUSINESS
February 3, 1990 | Bill Sing
Prudential Insurance Co. of America has come up with a new and potentially more attractive variation on life insurance plans that allows you as policyholder to collect benefits while still alive. But the plan--not yet available in California--may not be the best deal for you.
BUSINESS
September 10, 1993 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
A task force of state insurance regulators, in uncharacteristically blunt language, has criticized the life insurance industry for the way it describes its products to consumers and has called for sweeping reforms to improve disclosure and accountability.
BUSINESS
July 25, 1993 | KATHY M. KRISTOF
When Continental Casualty informed its customers that it was transferring its Medicare supplement accounts to Bankers Life & Casualty Co., most policyholders shrugged. Not Lorraine Hovey. The 67-year-old Wisconsin resident says she considered the news a horrifying shock. Several years prior, she had a policy with Bankers and didn't like how it handled her account.
BUSINESS
October 21, 1990 | BILL SING
Mounting woes among the nation's life insurers have triggered concerns about whether the industry might become the next big financial crisis. The industry insists that it will avoid a debacle on the scale of the savings and loan mess, but it's nonetheless prudent that you check the financial strength of your insurer before investing.
BUSINESS
September 19, 1990 | SCOT J. PALTROW, TIMES STAFF WRITER
Los Angeles-based First Executive Corp. for months has referred to two confidential studies by a consulting firm as support for management's claim that the insurance holding company and its life insurance units are strong enough to survive the firm's recent financial calamities. But the Insurance Forum, a respected industry newsletter, reported Tuesday that it had obtained copies of the still-secret reports and concluded that they don't back up First Executive's claim.
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