Center for Economic Justice

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  CDAs get federal attention; GAO report said to be out soon

  By Elizabeth D. Festa  |  November 30, 2012

  Are feds only monitoring or is there concern? Some say the former, but that could change if greater solvency and reserve concerns become part of the broader discussion.

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  FIO seeks Advisory Comittee recommendations by March

  By Elizabeth Festa  |  November 15, 2012

  McRaith made it clear that he would like to see some formulated recommendations developed now that FACI has had time to find its sea legs.

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  Contingent Deferred Annuities Face Identity Crisis

  By Elizabeth Festa  |  August 29, 2012

  Perhaps the NAIC should have a naming contest or crowd-source a definition and a name for the product.

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  SERFF Board Should Make Insurance Rate Filings Public, Advocates Say

  By Elizabeth Festa  |  August 27, 2012

  "It does so with PPACA filings, why not the whole industry?" Birnbaum, Jost and others argue. But wait, SERFF's board is almost half-comprised of industry members.

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  FACI Meeting Sets Sail Aug. 6 on International Issues

  By Elizabeth Festa  |  August 3, 2012

  FACI's agenda reflects Federal Insurance Office director Michael McRaith's global view of FIO's role currently, not insurer pet peeves.

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  FACI Sets Next Washington Meeting for Aug. 6

  By Elizabeth Festa  |  June 4, 2012

  Huge demographic changes are prime for two subcommittees organized as the Affordability and Accessibility of Insurance Subcommittee and the International Regulatory Balance Subcommittee.

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  Who will be the next Glenn Neasham?

  By Elizabeth Festa  |  May 2, 2012

  Lake County, California, is said to be known for a few things besides having the state’s largest freshwater contained lake—pear production, bird watching, wineries, recent meth lab busts and Glenn Neasham, the convicted insurance agent who thought, he claims, he was selling a good product to a competent senior.

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  James Jackson Birnbaum (1986-2012)

  By Bill Coffin  |  April 26, 2012

  There can be no crueler tragedy than to bury our own children. And now, a member of the insurance community and a friend to this publication has suffered the unthinkable. Let us extend our sympathies.

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  Who Will Be the Next Glenn Neasham?

  By Elizabeth D. Festa  |  April 20, 2012

  When Glenn Neasham was convicted on felony theft charges and sentenced to jail for selling an annuity to an 83-year-old woman with dementia, it sent shockwaves through the agent community. But a bigger issue looms: Will Neasham's case repeat itself elsewhere?

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  FIO Advisors to Meet March 30 as Treasury Keeps Overdue Report Close to Vest

  By Elizabeth Festa  |  March 12, 2012

  With report delay continuing, and reports of cancelled appearance later this month rumored, one wonders if March, which came in like a lamb at the NAIC meeting, will go out like a lion with the FIO report.