Belth

Belth of Indiana in an insurance newsletter he publishes.

Odds Skew Against Investors in Bets on Strangers' Lives Mark Maremont 2010

Prof. Belth then assailed the "secretive" nature of the process that produced this change.

Deborah Senn: They're at it Again 2009

Prof. Belth went on to say: "... in the midst of the current financial crisis, it is unseemly even to contemplate the weakening of the conservative statutory accounting rules that have long been in place for life insurance companies."

Deborah Senn: They're at it Again 2009

Echoing Prof. Belth, the National Conference of Insurance Legislators (the lawmakers that chair the various state legislative insurance committees), urged the insurance commissioners to step back and reconsider the need for this "so-called emergency proposal."

Deborah Senn: They're at it Again 2009

Finally, Prof. Belth called the proposal meaningless.

Deborah Senn: They're at it Again 2009

Belth recently testified that: "The program is being adopted without evidence that relief is in the best interest of the insurance-buying public, that the relief is needed and that the relief will be meaningful."

Deborah Senn: They're at it Again 2009

Prof. Belth opined that if the Pennsylvania Department puts the company into insolvency immediately -- which he says is inevitable -- then there is a chance to rehabilitate it or sell the company.

Deborah Senn: Bayoneting the Wounded 2008

If the Pennsylvania commissioner approves the trust Prof. Belth believes the inevitable collapse will be delayed compounding the damage and resulting in liquidation -- a very bad option for Conseco policyholders.

Deborah Senn: Bayoneting the Wounded 2008

In his comments filed on September 25, Professor Belth has discussed a Conseco sponsored actuarial report that the Pennsylvania Insurance Department has not released, and Conseco has told Professor Belth is confidential.

Deborah Senn: Bayoneting the Wounded 2008

Professor Belth points out that the Pennsylvania Department has issued no press release, nor sent any direct communications to policyholders.

Deborah Senn: Bayoneting the Wounded 2008