Insidious side letters SHADY BUSINESS ON THE SIDE By Thomas D. Gober, CFE, and Leslie N. Bailey, CFE Undisclosed agreements – side letters – between an insurance company and a reinsurer can hide egregious and fraudulent transactions from regulators, investors, and consumers. Here’s how to find them. An insurance company executive faces tremen- [...]
A Career Built on Protecting Insurance Policyholders Mr. Gober began his career as a regulatory insur- ance examiner in 1987. In 1992, he went to work for the U. S. Department of Justice and the Fed- eral Bureau of Investigation as an insurance com- pany accounting fraud expert in white-collar criminal investigations . Gober has [...]
Race to the Bottom A Times story illustrates a peril that is a virtue to some By Ryan Chittum The New York Times gave this piece as big a play as you’ll see a non-news story get yesterday, going with a four-line, two-column headline atop page one. That’s newspaper for This Story Is Important. The [...]
LifeHealthPro BY WARREN S. HERSCH FROM THE NOVEMBER 21, 2011 ISSUE OF NATIONAL UNDERWRITER LIFE & HEALTH MAGAZINE It is not often that an industry development excites the collective imaginations of state insurance regulators, high-rolling investment bankers and Wall Street lawyers. But that is what has been happening in recent years as [...]
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