Jan. 22, 2015 (GLOBE NEWSWIRE) -- The Life Insurance Settlement Association's (LISA) Fifth Annual Institutional Investor Life Settlement Conference, scheduled for next month in New York City, is attracting significant interest from institutional investors Allstate Life Insurance Company of New York provides insurance broker-dealers; and specialized structured settlement brokers. It distributes variable annuities throug The Life Insurance Settlement Association (LISA) today announced that its Fifth Annual Institutional Investor Life Settlement Conference will be held on February 23, 2015, at The Ritz-Carlton Battery Park in New York City. LISA’s annual gathering for Nine Armenian charities in Los Angeles and New York will receive a $20 million settlement for descendants of Armenians killed over 90 years ago in the Ottoman Empire. Armenians claim that 1.5 million of their people were executed by Turkish authorities for Matthew J. Gaul, the deputy superintendent for life insurance at the New York State Insurance Department, said the new law, which would be fully effective on May 18, would provide state oversight over settlement companies. There had been “abusive A new New York law seeks to protect consumers by regulating "life settlements," in which the elderly sell their life insurance for far more than the value upon cancellation to get cash, often to stave off hard times. "It's a billion dollar unregulated .
Lawyers point to a current court case in New York as an example of how things can go wrong the U.S. Supreme Court sided with the ex-wife of a man who died in 2008, leaving a $124,558 life-insurance policy to her rather than his then-current wife. NEW YORK -- American In a separate settlement announced Monday, AIG agreed to pay $11 million to insurance regulators. AIG joins a roster of insurance companies that have pledged to change the way they handle life-insurance claims. .
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