An NBC reporter for a Miami affiliate, Willard Shepard, did an in-depth interview with two Executive Life (ELNY) annuitants, or shortfall payees that aired in South Florida on May 15th. The investigative interview can be viewed online along with the companion article. The interview highlights the many issues facing those annuitants whose benefits will […]
LifeHealthPro has reported that the Executive Life (ELNY) liquidation is expected to be implemented in the third quarter of this year, and could be as early as August. The article did not specify an effective date for the payment reductions, so those annuitants expecting cuts are still in the dark. The looming cuts will cause […]
Despite our best efforts, the New York Court of Appeals denied our motion for leave to appeal the Appellate Division decision and will not hear our case on the merits. We expect that the Restructuring Plan will be signed shortly and benefit reductions will start soon after that. As difficult as it may be to […]
2013 Annual NASP Conference Eddie Stone will be speaking at the 2013 Annual NASP Conference being held in Las Vegas from November 5-8, 2013. Conference registration began on April 15, 2013. More information on the conference is available here.
The February 18, 2013 edition of the Insurance Advocate, an insurance industry publication serving New York, New Jersey, Connecticut, Pennsylvania and Washington, D.C. ran a column by Peter Bickford entitled “Ongoing ELNY Debacle Exposes Serious Problems”, with a Guest Opinion “ELNY Decision Unjust to Victims” by Edward S. Stone, Esq. In his Foreward to that […]