Investment strategist Jim Chanos warned that financial distress or an adverse legal ruling could force these long-term annuities to be treated as shorter-term deposits. Such a shift would leave the assets vulnerable to mandatory redemptions or a liquidity run by holders.
Wednesday, October 21, 2026
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Seniors Sue Dodgers Owner Mark Walter Over Insurance Annuities
Business8 days ago
Elderly investors have filed a mounting series of legal actions against the insurance firms owned by Mark Walter, the owner of the Los Angeles Dodgers. The Wall Street Journal reports that the litigation is brought by senior citizens who purchased annuity contracts from the insurance provider.
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