Executive Life Insurance Company
id:
executive-life-insurance-company-259-9550652
title:
Executive Life Insurance Company
text:
Executive Life Insurance Company (ELIC) was once the largest life insurance company in California. Its financial problems and subsequent insolvency in April 1991 shocked its policyholders and the financial world. At the time, First Executive was the biggest insurer ever to fail, which resulted primarily from money-losing investments in junk bonds. First Executive through Fred Carr had a strong association with Mike Milken and the brokerage firm Drexel Burnham Lambert, whereby at the end of 1990
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Executive_Life_Insurance_Company
date created:
date modified:
2023-12-12T12:47:54Z
main entity:
{"identifier":"Q2825781","url":"https://www.wikidata.org/entity/Q2825781"}
image:
fields total:
13
integrity:
13