Earlier today, The Bainbridge Law Firm shared its latest Life Insurance Bulletin. The Bulletin analyzes a recent federal court decision permitting a carrier to adjust a death benefit to reflect an insured's true age where the insured had misstated her age on the application. Click here to read the Bulletin.
LIFE INSURANCE BULLETIN-POLICY OWNER CAN RECOVER DEATH BENEFIT EVEN THOUGH SHE MISTAKENLY FAILED TO CHANGE BENEFICIARY
Earlier this week The Bainbridge Law Firm shared its latest Life Insurance Bulletin. The latest Bulletin discusses a recent federal court ruling permitting a policy owner to recover the death benefit on a life insurance policy where the policy owner paid all premiums but mistakenly failed to designate herself as policy beneficiary. Click here to read the Bulletin.
Earlier today The Bainbridge Law Firm shared its latest Life Insurance Bulletin. This edition analyzes a recent federal court decision permitting investors in several STOLI policies to pursue unjust enrichment claims against the carriers who accepted the premiums on the policies. Click here to read the Bulletin.
Earlier today The Bainbridge Law Firm shared the latest in its continuing series of Life Insurance Bulletins with its friends and colleagues. The latest installment discusses a summary judgment decision issued earlier this year in a class action lawsuit against a carrier arising out of the carrier's alleged arbitrary increases in cost of insurance charges. While a settlement was conditionally approved by the Court last month, the decision still serves as a warning to carriers about how they address future increases in cost of insurance charges on under-performing policies and provides a road map for navigating future litigation involving this issue. Click here to read the Bulletin.
The Bainbridge Law Firm is pleased to announce that it has published the first in a series of bulletins designed to keep our clients, colleagues and friends advised of new filings and significant legal developments involving their respective industries. We will post the bulletins on this blog as they are published. The first Bulletin involves the life insurance industry and highlights a recent declaratory judgment action brought by a carrier seeking to void two small face amount life insurance policies that are purportedly the result of an illegal Stranger-Originated Life Insurance (STOLI) scheme. Click here to read the Bulletin.
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