Interesting piece in today’s Chicago Tribune explains why some insurers have moved HQ operations to Iowa to take advantage of a state law intended to draw them to the state. Opponents of the practice say it shouldn’t be so confidential and is inherently risky.
Here’s the intro plus some excerpts:
[I]For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books.
So-called "shadow insurance" agreements have exp
Source of insurance-forums.net
Here’s the intro plus some excerpts:
[I]For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their books.
So-called "shadow insurance" agreements have exp
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