http://www.psilovouno.com/rss/lisanews.xml This information is retrieved from the website of the Life InSurance Settlement Association (“LISA”). Please go to www.lisassociation.org to read more. Psilo Vouno Management Ltd. Ronald van de Langenberg http://www.psilovouno.com/Inews.php?lang=en&article=15 ORLANDO, FL--(Marketwire - August 29, 2007) - The Life Insurance Settlement Association (LISA) has published a major data report confirming the historic and present value to consumers provided by the life settlement industry. Commissioned by LISA, the Data Collection Report serves to analyze the growth, averages, and trends of the life settlement industry for 2004 and 2005. Multiple life settlement providers contributed to the report, resulting in the largest data sample published in the history of the life settlement industry by any non-governmental effort.According to the report, in just two years, the 11 measured companies paid more than $854 million ... http://www.psilovouno.com/UserFiles/Image/524317_dreamstime_921172.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, consumers, markt LISA demonstrates value provided to consumers Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=16 ORLANDO, FL--(Marketwire - October 25, 2007) - "The recent STOLI Alert issued by the American Council of Life Insurers (ACLI) is highly misleading and full of errors," the Life Insurance Settlement Association (LISA) said today while issuing the following important fact sheet."In advance of the National Conference of Insurance Legislators (NCOIL) Life Settlements Subcommittee meeting, scheduled for Thursday, October 25 in Chicago, and pertaining to STOLI (stranger originated life insurance), we all need to be accurate about information," says LISA Executive Director, Doug Head.Entitled "Be Alert To STOLI Alert," the LISA fact sheet debunks the most recent ACLI so-called "STOLI ... http://www.psilovouno.com/UserFiles/Image/478148_dreamstime_48592.jpg Life Insurance Settlement Association (LISA) www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, STOLI, Be Alert to STOLI Alert Life Insurance Settlement Association (LISA) http://www.psilovouno.com/Inews.php?lang=en&article=17 For the first time in history, LISA will likely reach capacity before the opening day of the fall event. "Our conferences are popular because of their timely coverage of industry issues, life settlement expertise, and, in some instances, controversial speakers," says Doug Head, LISA Executive Director. Addressing an issue that can be quite controversial is Darwin Bayston CPA, of Life Settlement Consulting and Management LLC. Mr. Bayston's presentation, "Life Expectancies: A Growing Concern for Investors" will draw attendees' attention to his recently published article entitled "Life Settlement Risks - Lessons from the Sub-Prime Mortgage Market." Drawing upon the recent collapse ... http://www.psilovouno.com/UserFiles/Image/284157_dreamstime_3136273.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements LISA opens its largest conference to date Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=18 ORLANDO, FL--(Marketwire - January 29, 2008) - The Life Insurance Settlement Association (LISA) has concluded its first life settlement compliance conference, a "sold-out" success. At this pioneer event, in Washington, DC, attendees learned from leading industry experts on the core challenges of compliance with state laws and regulations, while upholding the highest standards of business conduct and ethics in the life settlement industry."The marketplace changes almost daily due to the emergence of new laws, regulations, interpretations and process in the states. In the first month of 2008, 15 bills pertaining to this industry have been introduced in various states. LISA ... http://www.psilovouno.com/UserFiles/Image/329134_dreamstime_3136273.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements Life Settlement Compliance Conference Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=19 ORLANDO, FL--(Marketwire - January 30, 2008) - Life Insurance Settlement Association (LISA) Executive Director Doug Head issued the following statement regarding the recent order of the United States District Court in LPC v. Angel.In this case, litigated between the estate of a deceased insured and an investor LLC which had funded the premiums and taken control of the death benefit, Judge Chin of the Southern District of New York denied the LLC's motion to dismiss in a dispute which raised important issues regarding life insurance, insurable interest, and STOLI (stranger originated life insurance).STATEMENT:We read Judge Chin's order with great interest ... http://www.psilovouno.com/UserFiles/Image/776551_New York 973670_13293866.jpg Life Insurance Settlement Association (LISA) www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, STOLI, New York New York Court Case and the wisdom of the NCOIL Model Life Insurance Settlement Association (LISA) http://www.psilovouno.com/Inews.php?lang=en&article=20 Clearwater, Florida / Agent Media Press Release / 5 February 2008 / More than 350 life producers across the country recently took part in the third annual life settlement study conducted by Agent Media and the Life Insurance Settlement Association (“LISA”).Results of the study show that although 75 percent of the agents say they have a client 65 years or older whose needs have changed since they purchased their life insurance plan, 62 percent of agents have said that they have not discussed the possibility of a life settlement transaction with any of their clients who have surrendered a policy.Notably, ... http://www.psilovouno.com/UserFiles/Image/204629_dreamstime_1398062.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, consumers LISA releases results of 2008 life settlement study Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=21 Ohio House Bill 404, legislation developed by the insurance companies and, remarkably, the Ohio Insurance Department, is being rushed through the General Assembly, which would take away property rights and diminish the value of life insurance for all Ohioans.The passage of H.B. 404 means that insurance in Ohio will be worth less than in any other state in the nation. Nearly a dozen licensed companies in Ohio will not be able to deliver millions of dollars in increased payouts for Ohioans.Life settlement providers give Ohioans highly lucrative options for unwanted or unneeded policies in the secondary insurance market.In a life ... http://www.psilovouno.com/UserFiles/Image/712403_dreamstime_3218545.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, consumers, Ohio Life Insurance Policy Freedom under threat in Ohio Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=22 ORLANDO, FL--(Marketwire - February 14, 2008) - The Kentucky House of Representatives has taken an important step to protect life insurance consumers with a ban on stranger originated life insurance (STOLI) schemes, according to the Life Insurance Settlement Association. HB 348, unanimously passed last week, protects consumers by succinctly and directly prohibiting initiation of life insurance for wager purposes -- without rolling back a policy owner's property right to gain or utilize the market value of a properly initiated policy as he sees fit."LISA commends the Banking and Insurance Committee for drafting this measure and the entire House for its ... http://www.psilovouno.com/UserFiles/Image/694805_dreamstime_3075570.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, STOLI, consumers, Kentucky LISA applauds Kentucky proposals to fight STOLI Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=23 ORLANDO, FL--(Marketwire - March 14, 2008) - On behalf of the Life Insurance Settlement Association, LISA Executive Director Doug Head released the following statement today:If Governor Manchin signs West Virginia Senate Bill 704, as expected, he will complete a line of poor decisions and a bad process which will lead to the denial of consumer property rights for West Virginia residents unequalled in the country. It is difficult for outside observers to believe that this happened with so little comment or awareness in the press or by the West Virginia public. But it is understandable when one realizes that the ... http://www.psilovouno.com/UserFiles/Image/155718_dreamstime_3444504.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, West Virginia, consumers, STOLI A Rushed Process and a Bad Outcome for West Virginians Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=24 ORLANDO, FL--(Marketwire - March 18, 2008) - "The legislature of Indiana has taken significant and well-balanced measures to protect the rights of consumer policy holders in that state after they came under attack by Life Insurers earlier this year," said Doug Head, Executive Director of the Life Insurance Settlement Association. As originally advocated by anti-consumer insurers, Indiana HB 1379 was a draconian 59 page repeal of existing, workable, Indiana Life Settlement Law. The bill, as introduced, was loaded with provisions designed to thwart the Life Settlement Industry. Mr. Head explains: "As originally drafted for big life insurers, the proposal would ... http://www.psilovouno.com/UserFiles/Image/565940_dreamstime_3197866.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, consumers, STOLI, Indiana Indiana STOLI Legislation - the Right Way Forward Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=25 PHILADELPHIA, PA--(Marketwire - March 19, 2008) - On April 16th, the Life Insurance Settlement Association (LISA) will continue its pioneering series of Producer Seminars on life settlements in Philadelphia, PA. The 2008 LISA Producer Seminar is a highly anticipated event which brings together Producers to learn how life settlements can benefit their clients and increase their profits.Dubbed as "the voice of the industry," LISA is taking a proactive step to answer a widespread market need for life settlement education. "Life producers and financial advisors must understand life settlements to properly represent their clients and fulfill their fiduciary duty," says Doug ... http://www.psilovouno.com/UserFiles/Image/424690_dreamstime_3136273.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements Life Producer Education on Life Settlements Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=26 ORLANDO, FL--(Marketwire - April 8, 2008) - "The Life Insurance Settlement Association (LISA) reaffirmed its commitment to property rights for life insurance policy-owners in a recent court filing," said LISA Executive Director Doug Head.LISA filed an amicus brief in the United States Fourth Circuit Court of Appeals in First Penn-Pacific v. Evans, urging the Court to affirm the decision of U.S. District Judge Andre M. Davis, in which he followed the fundamental rule that "Once a policy has been issued, it is an asset of the insured and he or she is free to sell it."Judge Davis ruled that, even ... http://www.psilovouno.com/UserFiles/Image/116795_Text_94689383.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, STOLI, consumers LISA Affirms Property Rights Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=27 ORLANDO, FL--(Marketwire - April 11, 2008) - The Life insurance Settlement Association (LISA) applauded Maine and Kentucky for enacting targeted legislation to address Stranger Originated Life Insurance (STOLI), an illegal practice that violates state insurable interest laws. These states rejected the anti-consumer legislation being promoted by life insurance companies and some state regulators that would take away the American citizens' long-standing property rights in life insurance. The Maine legislature adopted direct and clear measures that focus on Stranger Originated Life Insurance while supporting the existing Maine life settlement law. Likewise, the Kansas Legislature rejected efforts to re-write that state's settlement ... http://www.psilovouno.com/UserFiles/Image/258747_STOP_88799730.jpg Life Insurance Settlement Association ("LISA") www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, consumers, STOLI LISA Praises State Legislative Action to stop STOLI Life Insurance Settlement Association ("LISA") http://www.psilovouno.com/Inews.php?lang=en&article=28 ORLANDO, FL -- 05/01/08 -- The two major associations representing insurance producers have enthusiastically endorsed legislation in several states that harms consumers, producers and the insurance industry as a whole. In doing so, both the National Association of Insurance and Financial Advisors (NAIFA) and the American Association of Life Underwriters (AALU) raise serious questions about their independence and ability to serve their members.Despite ongoing controversy over the legislation, both NAIFA and AALU continue to actively support state bills based on the profoundly flawed National Association of Insurance Commissioners (NAIC) Viatical Settlements Model Act. A recent article in California Broker Magazine ... http://www.psilovouno.com/UserFiles/Image/405291_Other Dice ?!.jpg Life Insurance Settlement Association (LISA) www.lisassociation.org/public/news/news.pl?news_type=lisa LISA, life settlements, STOLI, consumers LISA questions NAIFA and AALU Support of Carriers Life Insurance Settlement Association (LISA) http://www.psilovouno.com/Inews.php?lang=en&article=62 ORLANDO, FL--(Marketwire - May 19, 2008) - On May 16th, the Life Insurance Settlement Association (LISA) successfully concluded its major bi-annual Spring Conference in Washington, D.C. The conference, one of 12 events to be hosted by LISA in 2008, drew its most diverse and engaged attendance to date. Garnering one of its largest attendances ever, LISA brought together professionals from every industry to take part in this preeminent life settlement event.The 14th Annual Spring Conference focused on critical legislative, regulatory and financial issues in a variety of discussion-driven formats. Highlighted topics included new settlement law, funding, securitizations, taxation, and many ... http://www.psilovouno.com/UserFiles/Image/822200_team_girl_1579390.jpg Life Insurance Settlement Association (LISA) http://www.marketwire.com/mw/release.do?id=858338 life settlements, investments, LISA Life Insurance Settlement Association Concludes Its 14th Successful Spring Conference Life Insurance Settlement Association (LISA) http://www.psilovouno.com/Inews.php?lang=en&article=63 ORLANDO, FL--(Marketwire - May 30, 2008) - The Life Insurance Settlement Association (LISA) today applauds the Ohio General Assembly for passing a comprehensive new Life Settlement Law that protects the property rights of life insurance policy owners while enacting new measures to detect, prevent, and enforce against stranger-originated life insurance (STOLI)."Ohio lawmakers had been pressed by big insurance to take away consumer rights and impair their ability to access the secondary market for life insurance," said Doug Head, Executive Director of LISA. The insurers' rejected proposal would have restricted a consumer's right to sell his/her policy in a competitive market ... http://www.psilovouno.com/UserFiles/Image/998609_Grandfather with grandson.jpg Life Insurance Settlement Association (LISA) http://www.marketwire.com/mw/release.do?id=862963 life settlements, investments, Legislation, STOLI, Ohio Ohio Settlement Law Stands for Consumer Rights Life Insurance Settlement Association (LISA) http://www.psilovouno.com/Inews.php?lang=en&article=121 ORLANDO, Sep 22, 2008 - A Major American Insurer often runs ads that talk about how rapidly life can change. The Life Insurance Settlement Association, the voice of the industry, has always been aware of this fact. This is part of the reason it has so vigorously resisted efforts by insurers and some regulators to constrain consumer rights for a fixed period in the settlement market based on "indicative circumstances" rather than facts. With change, more consumers than ever may find themselves seeking a life settlement. Economic life for many consumers changed radically last week and life settlements are an ... http://www.psilovouno.com/UserFiles/Image/698522_investment_901157.jpg Life Insurance Settlement Association ( http://www.marketwatch.com/news/story/life-settlements----more-valuable/story.aspx?guid={7204D047-C4BC-4F02-B1C8-FF5485459397}&dist=hppr life settlements, investments, LISA, Legislation Life Settlements, a More Valuable Option Than Ever Life Insurance Settlement Association (