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Misrepresentation › Annuities

Proskauer - Minding Your Business

For The First Circuit, Transaction Costs in Structured Settlements are Not Fraud

Proskauer - Minding Your Business on

Liability insurers charge premiums in exchange for an agreement to cover certain claims against their policyholders. When settling a tort claim against a policyholder, the insurance company can pay a lump-sum of cash or, in...more

Carlton Fields

Summary Judgment for Insurer in Annuity Sales Practices Action

Carlton Fields on

On March 31, in Chambers v. N. American Co. for Life & Health Ins., an action alleging RICO violations and other claims in the sales of deferred annuities to seniors, the Southern District of Iowa granted the insurer’s motion...more

WilmerHale

Life and Annuity Series: Captive Reinsurance Class Actions

WilmerHale on

There have been several new class actions filed recently challenging “shadow insurance” transactions between life insurance companies and their “captive reinsurers.” Three of those class actions are in federal court in New...more

Smith Anderson

Documents Speak Louder Than Words in Securities Fraud Suit

Smith Anderson on

The Eastern District of North Carolina recently granted summary judgment for the defendant in a securities fraud action, holding that the plaintiff had failed to prove either scienter or reliance where alleged verbal...more

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