On August 5, Florida's First District Court of Appeal reversed a ruling issued by Florida's Department of Financial Services ("DFS") that would have triggered an insurer's duty to escheat life insurance benefits under...more
The battle over unclaimed property continues to spawn increased litigation and regulatory activity.
Litigation Highlights -
In December 2013, a West Virginia court dismissed 63 lawsuits brought by the Treasurer...more
On December 27, 2013, a West Virginia court dismissed 63 separate lawsuits brought by the Treasurer of the State of West Virginia ("Treasurer") against life insurance companies doing business in West Virginia. The court...more