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17 Nov 2011, 8:52 pm by Peter Vodola
" The court distinguished its opinion from that of the courts of New York and Michigan, saying that under Delaware law, "if a life insurance policy lacks an insurable interest at inception, it is void ab initio because it violates Delaware's clear public policy against wagering. [read post]
17 Nov 2011, 8:52 pm by Peter Vodola
" The court distinguished its opinion from that of the courts of New York and Michigan, saying that under Delaware law, "if a life insurance policy lacks an insurable interest at inception, it is void ab initio because it violates Delaware's clear public policy against wagering. [read post]
20 Nov 2018, 5:00 am by Daily Record Staff
Frederick-based Legal & General America has appointed Mark Holweger as president and CEO of its insurance division, which includes operating companies Banner Life Insurance Company and William Penn Life Insurance Company of New York. [read post]
4 Aug 2008, 10:57 am
Met Life, where the United States District Court for the Southern District of New York agreed that determining the nature and extent of MetLife's structural conflict of interest warranted significant discovery, particularly in light of the U.S. [read post]
8 Feb 2012, 8:00 am
These agreements may obligate a spouse to provide certain benefits for the other spouse such as maintenance (i.e., alimony) and a paid up life insurance policy. [read post]
6 Feb 2023, 12:59 am by Gregory Dell
Long term disability attorney Rachel Alters discusses New York Life’s basis for denying the disability claim and her strategies to get the New York Life disability benefit denial reversed. [read post]
3 Jun 2008, 6:25 am
Hartford Life Insurance Co., Stephen Brenner wanted to have New York law -- rather than that of New Jersey -- applied to his case.In New York State, an insurance company is not able to dispute coverage under a disability policy as long as an insured has held the policy for over two years. [read post]
21 Feb 2021, 9:01 pm by Joanna L. Grossman
A law to legalize commercial surrogacy took effect in New York on February 15, 2021. [read post]
12 Aug 2011, 4:51 am by Deirdre Wheatley-Liss
The following actions were announced by S&P this week: • Five U.S. life insurers were downgraded from AAA to AA+ and removed from credit watch negative, with outlook remaining negative: Knights of Columbus, New York Life, Northwestern Mutual, TIAA and USAA. [read post]
22 Apr 2011, 5:51 am by Cailie Currin
The New York State Insurance Department posted an [interim report] of the Insurance Filings Modernization Initiative on April 21. [read post]
26 Jul 2023, 1:53 pm by celene.lujan@lawrank.com
These types of injuries have a life-altering impact on an individual’s health, finances, and overall quality of life. [read post]
28 Jun 2012, 11:24 pm by structuredsettlements
Allstate Life Insurance Company and Allstate Life Insurance Company of New York offer an Advanced Funding Exchange Notice (“AFEN” for short) with a NEW lower 8% discount rate, so you DON’T need to... [read post]
20 Jan 2013, 12:41 pm by S2KM Limited
Lawsky, Superintendent of Financial Services of the State of New York, in his capacity as Receiver of Executive Life Insurance Company of New York (ELNY), filed a Notice of Motion January 18, 2013 with the United States District Court Southern District of New York to: Stay the ELNY class action lawsuit pursuant to the Burford abstention doctrine; or, alternatively, Dismiss the ELNY class action complaint in its entirety with… [read post]
20 May 2018, 4:11 pm by Stuart M. Kerner, Esq.
In a recent press statement the assemblywoman said, “We know that if a reckless driver is driving on the streets of New York City he can easily get to Buffalo in a few hours, he can easily take another life in Syracuse, in Utica, anywhere around our state. [read post]
14 May 2018, 7:43 am by Evan Schwartz
UNUM consists of many different insurance companies, including the following: Paul Revere Life Insurance Company Provident Life and Accident Insurance Company First Unum Life Insurance Company of New York UNUM Insurance Company of America In addition, UNUM has bought and administers blocks of long-term disability insurance for certain other companies, including New York Life… [read post]
5 Dec 2007, 8:19 am
In an important bit of news that had the potential to really paint the settlement industry in a bad light, the State of NY announced yesterday a fresh infusion of cash into the New York Liquidation Bureau to the tune of $600 million in order to shore up the obligations due on the Executive Life annuity payouts.You can read the NY Times article by clicking here. [read post]
12 Sep 2008, 1:03 pm
I'm renaming this blog the Cultured Coverage Counsel.My fellow New York blawgers Dave Gottlieb (No Fault Paradise) and Matt Lerner (New York Civil Law) also made the list. [read post]
1 Sep 2023, 5:12 am by Steven Miller
No-Fault Insurance and Serious Injury Threshold: New York operates under a no-fault insurance system, which means that injured parties typically seek compensation from their own insurance providers regardless of who caused the accident. [read post]