Insured’s annual planned premium did not implicate New York statute requiring refund of premium “actually paid for any period” beyond an insured’s death....more
The End or the Beginning for Suits Over Disappointed Index Interest Expectations?
Security Benefit Life Insurance Co. and Guggenheim Partners recently secured an important victory in a class action challenging a fixed...more
10/14/2019
/ Annuities ,
Appeals ,
Dismissals ,
Financial Services Industry ,
Financial Transactions ,
Indexing ,
Insurance Regulations ,
Life Insurance ,
McCarran-Ferguson Act ,
Putative Class Actions ,
Racketeering ,
Regulatory Violations ,
Reverse Preemption ,
RICO ,
State Law Claims ,
Unjust Enrichment
In a November 16, 2017 ruling, a California appellate court affirmed a summary judgment ruling in favor of several financial advisors, and insurer American General Life Insurance Company, holding that plaintiffs’ fraud and...more
4/10/2018
/ Appeals ,
Defined Benefit Plans ,
Financial Adviser ,
Financial Planning ,
Fraud ,
Insurance Industry ,
Insurance Litigation ,
Investment Products ,
Life Insurance ,
Negligence ,
Statute of Limitations ,
Summary Judgment ,
Tax Advice ,
Tax Liability ,
Tax Shelters ,
Time-Barred Claims