Stephen Foresta

Stephen Foresta

Orrick, Herrington & Sutcliffe LLP

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Policyholder Insider Quarterly

Makers and Users of Smart Devices Beware: You May Have a Critical and Costly Gap in Your Insurance Coverage - The drumbeat of high-profile data breaches has led to rapid growth in the number of companies purchasing or...more

4/24/2015 - Asbestos Litigation BP Commercial General Liability Policies Cyber Insurance Driverless Cars Insurable Interests Insurance Industry Life Settlements Litigation Fees & Costs Pollution Liability Insurance Secondary Markets Smartphones Third-Party Liability Transocean Uninsured and Under-Insured Motorists

Eighth Circuit Issues Landmark Insurable Interest Ruling

March 13, 2015 – This morning the United States Court of Appeals for the Eighth Circuit handed down a game-changing ruling with major implications for the life settlements industry. The Eighth Circuit’s decision in PHL...more

3/16/2015 - Declaratory Judgments Insurable Interests Life Insurance Settlement Statute of Limitations STOLI Void Contracts

11th Circuit Certifies Insurable Interest Questions in Pruco Cases to the Florida Supreme Court

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

3/12/2015 - Assignments Fraud Insurable Interests Insurance Litigation Investors Life Insurance Scams Statute of Limitations STOLI

New Minnesota Law Allows Investors to File Lawsuits Seeking to Validate Life Insurance Policies Before They Mature

In most states, carriers may void life insurance policies for lack of insurable interest at any point, even after the two-year contestability period prescribed by statute. This loophole allows insurers to continue collecting...more

5/21/2014 - Death Benefits Investors Life Insurance New Legislation Validity

The Meaning Of Life Settlements: Are They Securities Or Not?

“Life settlements” are financial transactions in which the original owner of a life insurance policy sells it to a third party for an up front, lump sum payment. The amount paid for the policy is less than the death benefit...more

9/26/2013 - Death Benefits Life Insurance Settlement

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