Mondaq USA: Insurance
Carlton Fields
Notably, the Rule deems any violation of its provisions to be an unfair method of competition or unfair or deceptive insurance trade practice.
Carlton Fields
The case involved a $5 million life insurance policy issued in 2006 on a woman in her mid-seventies.
Carlton Fields
The court followed up on its prior ruling by granting ING's motion for summary judgment on the individual claims as well.
Carlton Fields
In California, actions predicated on alleged senior notice requirement violations and financial elder abuse continue to challenge life insurers.
Holland & Knight
The U.S. Tax Court recently ruled in Avrahami v. Commissioner, the first litigated Tax Court case involving an 831(b) captive insurance company.
Carlton Fields
The SEC has proposed for comment major revisions in the disclosures auditors are required to make in their reports on financial statements audited pursuant to PCAOB standards.
Carlton Fields
In July, MetLife obtained a win in the Northern District of Illinois when the court granted summary judgment in its favor on a claim that it had breached the duty of good faith and fair dealing in setting interest rates for a retirement plan.
Carlton Fields
Years later, when they learned the life policy was severely underfunded, the Yenchis sued Ameriprise for breach of fiduciary duty.
Carlton Fields
Expect Focus - Life Insurance, Volume III, September 2017
Nexsen Pruet
The North Carolina Court of Appeals recently held that when an insurer settles with a pro se claimant and issues a settlement check, the insurer must pay all valid medical provider liens...
McAngus Goudelock & Courie
Uninsured Motorist ("UM") litigation is not for the faint of heart. It can present both unusual and difficult questions in a number of situations.
Carlton Fields
On June 29, the SEC's Office of the Investor Advocate released a report that prioritizes addressing the inconsistency in the standard of care applicable to broker-dealers (a suitability standard) versus...
Carlton Fields
Many mutual funds implement their investment strategies through "multi-manager" (also called "manager of manager") arrangements, particularly funds used to support variable life insurance and annuity products.
Mayer Brown
Joe Castelluccio, one of the co-leaders of Mayer Brown's Insurtech initiative, reports on key themes and highlights from Insuretech Connect 2017– themes such as cooperation among innovators, ...
Duane Morris LLP
This report analyzes 210 insurance-related class actions filed in or removed to federal court in 2016.
Carlton Fields
On September 12, the District Court for Connecticut denied a motion to transfer predicated on a mandatory forum selection clause in a reinsurance contract.
Carlton Fields
Regulators are hard at work considering insurers' use of big data and analytics. The Big Data (Ex) Working Group, chaired by Oregon Commissioner Laura Cali Robison, adopted three charges for 2017.
Carlton Fields
The District Court for the Northern District of Illinois dismissed a complaint filed by Plaintiff-Rehabilitator, the Illinois Director of Insurance, against Defendant-Reinsurer, Twin Rivers, alleging breach of contract, breach of the implied covenant of good faith and fair dealing, unjust enrichment and a violation of the Real Estate Settlement Procedures Act (RESPA).
Anderson Kill
From a risk management point of view, there are plenty of lessons to be learned from the recent data security compromise at Equifax.
K&L Gates
Hurricane Irma left millions of businesses in the Southeastern United States without electricity for days and in some instances more than a week.
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Wilson Elser Moskowitz Edelman & Dicker LLP
Cited as one of the largest incidents of its kind in history, the recent Equifax data breach underscores that every business and individual is vulnerable to theft of sensitive information by unscrupulous hackers.
Carlton Fields
New Jersey's adoption of the Act comes at a time of significant movement in the adoption of state unclaimed life insurance benefits laws.
Drew Eckl & Farnham, LLP
Property owners may see many benefits to financing the sale of property themselves, including a higher sale price and a more expedient closing.
Carlton Fields
On September 19, the New York Department of Financial Services promulgated the final version of new Regulation 210 "Life Insurance and Annuity Non-Guaranteed Elements".
Herrick, Feinstein LLP
Equifax made headlines last week when it announced that, beginning in late spring, it became the latest in a string of large corporations to be victimized by a cybersecurity attack.
Wilson Elser Moskowitz Edelman & Dicker LLP
Hurricanes Harvey and Irma delivered one of Mother Nature's most powerful one-two punches in U.S. history. Harvey struck first.
Foley & Lardner
It's been over a year since the CFPB turned the real estate settlement services industry on its head by announcing in its first ever administrative appeal that Section 8(c) of RESPA was not...
Carlton Fields
Constructive Notice: a memorandum of agreement that is recorded in the official records of the county in which the property is located and refers to an unrecorded agreement entered into by the then-owner of the property ...
Brown Smith Wallace
If your business offers health insurance benefits to employees, there's a good chance you've seen a climb in premium costs in recent years — perhaps a dramatic one.
K&L Gates
This hurricane season represents the first time in the history of record keeping that two Category 4 or higher hurricanes, Harvey and Irma, have struck the U.S. mainland in the same year.
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