On November 16, 2021, the Supreme Court of Delaware issued an opinion in Lavastone Capital LLC v. Estate of Beverly E. Berland (“Berland”) answering three certified questions under Delaware law. All three questions...more
On August 13, 2020, in the putative class action challenging AXA’s COI rate increase on Athena Universal Life II (“AUL II”) policies, Judge Jesse M. Furman of the United States District Court for the Southern District of New...more
8/28/2020
/ Breach of Contract ,
Certificate of Insurance ,
Class Action ,
Class Certification ,
Elder Abuse ,
FRCP 23(b)(3) ,
Insurance Claims ,
Insurance Litigation ,
Insurance Rates ,
Life Insurance ,
Reservation of Rights ,
STOLI ,
Unfair Competition Law (UCL)
In the past eight months, Columbus Life Insurance Company (“Columbus Life”) has filed at least eleven lawsuits against investors seeking to void their policies and keep their premiums. This recent wave of lawsuits opens a...more
On March 30, 2020, in a case captioned Sun Life Assurance Company of Canada v. Wells Fargo Bank, N.A., Judge Philip Reinhard of the United States District Court for the Northern District of Illinois issued a decision...more
On August 19, 2019 a federal judge in the Northern District of California denied State Farm Life Insurance Company’s (State Farm) motion for summary judgment on Plaintiff Elizabeth A. Bally’s claims for conversion and breach...more
9/16/2019
/ Breach of Contract ,
COI Rates ,
Consumer Insurance Products ,
Contract Terms ,
Conversion ,
Deductions ,
Insurance Litigation ,
Life Insurance ,
Motion for Summary Judgment ,
Putative Class Actions ,
State Farm
On June 4, 2019, in a case captioned Sun Life Assurance Company of Canada v. Wells Fargo Bank, N.A., the Supreme Court of New Jersey answered two questions certified to it by the United States Court of Appeals for the Third...more
6/18/2019
/ Appeals ,
Death Benefits ,
Insurable Interests ,
Insurance Litigation ,
Life Insurance ,
NJ Supreme Court ,
State and Local Government ,
STOLI ,
Sun Life Assurance Company of Canada ,
Transfer of Control ,
Void ab initio ,
Wells Fargo
On September 22, 2016, the Florida Supreme Court issued an eagerly-awaited opinion in Wells Fargo Bank, N.A. v. Pruco Life Insurance Co. The Court held that Florida's two-year contestability statute applies to bar an...more
On February 27, 2015, the United States Court of Appeals for the Eleventh Circuit certified two important questions of Florida insurable interest law to the Florida Supreme Court. ...more