life insurance policies of terminally ill patients News

An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …

A Texas-based provider of so-called “life settlements” has been fined nearly $47 million for misleading investors about life insurance policies of terminally ill patients. The Securities and Exchange Commission alleged Life Partners Holdings Inc. of Waco misrepresented revenues and public …