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2 Nov 2020, 4:37 am
In August 2016, a customer alleging the broker’s sale of variable annuity and life insurance were unsuitable sought $25,709 in damages and received a settlement of $24,257.17. [read post]
2 Nov 2020, 4:37 am
In August 2016, a customer alleging the broker’s sale of variable annuity and life insurance were unsuitable sought $25,709 in damages and received a settlement of $24,257.17. [read post]
18 Dec 2019, 4:00 pm
Substantiation – The employer must have reasonable procedures in place for verifying and substantiating enrollment in individual health insurance coverage. [read post]
7 Apr 2018, 1:00 am
We’ve been able to carve out this life. [read post]
16 Jan 2017, 7:37 am
” The Complaint includes a footnote #1 (page 1) explaining/alleging that: 1) most structured settlement "producers" are inappropriately referred to as "brokers" when in fact they are "agents" appointed by life insurance companies; 2) Use of the term "broker" is misleading and communicates a false duty of loyalty to the consumer/injury victim; 3) although a producer may hold a life agent's license, he/she cannot… [read post]
16 Jan 2017, 7:37 am
” The Complaint includes a footnote #1 (page 1) explaining/alleging that: 1) most structured settlement "producers" are inappropriately referred to as "brokers" when in fact they are "agents" appointed by life insurance companies; 2) Use of the term "broker" is misleading and communicates a false duty of loyalty to the consumer/injury victim; 3) although a producer may hold a life agent's license, he/she cannot… [read post]
19 Aug 2016, 12:44 pm
In addition the companies pledged to change their business practices surrounding the use of the database.The inquiry into these four insurers marks the most recent in a trend to investigate the top 40 life insurance companies. [read post]
18 May 2015, 4:00 am
Company: Great-West Life & Annuity Insurance Company. [read post]
4 May 2015, 4:00 am
Associated Entities: Hartford Fire Insurance Company; Hartford Life, Inc.; Hartford Accident and Indemnity Company; Hartford Casualty Insurance Company; Hartford Life and Accident Insurance Company; Hartford Life and Annuity Insurance Company; Hartford Life Insurance Company; Property and… [read post]
25 Feb 2015, 12:50 am
In a recent post, I noted the curious phenomenon of plaintiffs filing IPO-related securities class lawsuits in state court. [read post]
11 Nov 2013, 2:15 pm
Rapid Settlements Hartford Life v. [read post]
5 Apr 2013, 5:45 am
Eventually, JRPI purchased an annuity from Hartford Life and Annuity Insurance Company (“Hartford”) that named Peveto as the annuitant and Strange as the designated beneficiary. [read post]
5 Apr 2013, 5:45 am
Eventually, JRPI purchased an annuity from Hartford Life and Annuity Insurance Company (“Hartford”) that named Peveto as the annuitant and Strange as the designated beneficiary. [read post]
22 Dec 2012, 11:34 am
The U.S. structured settlement industry in 2012 increasingly defined itself into three related markets (the primary, secondary and settlement planning markets) with the liquidation of Executive Life Insurance Company of New York (ELNY) representing the dominant industry storyline. [read post]
27 Jul 2012, 3:51 pm
The ELNY Memorandum Decision states in relevant part: "certain insurance companies such as Travelers, the Fireman's Fund Companies and Hartford have assured the Court that they will make up the difference to those identified shortfall payees for any settlement obligation where they purchased an ELNY annuity on behalf of an injured party. [read post]
27 Jul 2012, 3:51 pm
Without further explanation, Judge John Galasso has denied a Motion by liability insurers, including Travelers, Fireman's Fund and Hartford, asking the Judge to "clarify and/or correct" his August 16, 2012 Executive Life of New York (ELNY) Memorandum Decision insofar as the Memorandum Decision "caused confusion or mistake" concerning responsibilities of those liability insurers to make up shortfalls on ELNY annuities. [read post]
30 Jun 2012, 7:08 am
This article brings to light the reality that there are many life insurance claims that go unpaid by insurance companies. [read post]
20 Jun 2012, 1:26 pm
Judge Galasso's ELNY Memorandum Decision states in relevant part: "certain insurance companies such as Travelers, the Fireman's Fund Companies and Hartford have assured the Court that they will make up the difference to those identified shortfall payees for any settlement obligation where they purchased an ELNY annuity on behalf of an injured party. [read post]
19 Jun 2012, 1:57 pm
The ELNY Memorandum Decision states in relevant part: "certain insurance companies such as Travelers, the Fireman's Fund Companies and Hartford have assured the Court that they will make up the difference to those identified shortfall payees for any settlement obligation where they purchased an ELNY annuity on behalf of an injured party. [read post]
15 May 2012, 7:59 am
This article was originally posted on Stock Market LossWe have a new Variable Universal Life (VUL) insurance case in the office, and it comes at a time when lots of people seem to be searching for information about variable insurance products and variable annuities. [read post]
