Forum 500 CEO Leadership Retreat 10-12, Pentagon City, Virg.
It is of utmost importance to ACLI
member companies that the substantive requirements of any federal legislation relating to investigation and notification of security breaches be clearly and completely pre-emptive of state law applicable to life insurers," Keating said in a statement.
Specifically, the investigation seeks to determine whether the ACLI
Board of Directors engaged in a fair process to obtain adequate consideration for all of the company's shareholders, whether the transaction undervalues the company to the detriment of its shareholders and, if so, the extent to which the company is undervalued in the proposed transaction.
said the company likes that the ACLI
proposal offers sufficient reserve relief to companies that write term life and to those that write universal life with secondary guarantees.
expects the Government of Japan to objectively and deliberately consider Japan Post Insurance expansion without political influence.
Among the most significant developments during his tenure at ACLI
was passage of the Gramm-Leach-Bliley Financial Services Modernization Act of 1999.
If you are interested in discussing your rights as an ACLI
shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.
Specifically, our investigation concerns whether the Company's Board breached their fiduciary duties to ACLI
shareholders by failing to adequately shop the Company before entering into the transaction with GVI.
In its submission, ACLI
notes the strides that Japan has made, particularly in establishing an independent and professional regulatory body --the Financial Services Agency (FSA).
The report describes proposals to encourage the availability of annuities in defined contribution plans, which ACLI
LIMRA International: Life Insurance Conference, LIMRA, LOMA, SOA, ACLI
, The Westin La Cantera, San Antonio.
He will succeed Governor Frank Keating, who has led ACLI
since January 2003.