life settlements News

AmTrust Financial Refutes Negative Report, Says Future Has ‘Never Been Brighter’

AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its business is strong. The insurer described the negative report as “misleading …

Texas Judge Restrains Waco-Based Life Settlements Firm

A Texas judge has ordered a Waco-based life settlements firm to preserve records and assets after state officials alleged the firm is in “dire financial straits.” Life Partners has been a past target of federal and state securities regulators. The …

SEC Sues Texas Life Settlements Firm, Alleges Deception

Federal securities regulators filed suit against a Texas-based provider of so-called “life settlements,” accusing it and three top executives of defrauding shareholders by overvaluing the life insurance policies it buys from its customers. In a statement, the Securities and Exchange …