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Carlton Fields

NY DFS Issues Circular Letter Addressing Life Insurance Unfair Claims Settlement Practices During the Contestability Period

Carlton Fields on

On January 26 – in its first-issued circular letter of the year – the New York Department of Financial Services (DFS) reminded life insurers doing business in the state that they can only contest claims following the death of...more

Manatt, Phelps & Phillips, LLP

Ninth Circuit Upholds Rescission of Life Insurance Policy and Rejects Novel Theories

Manatt, Phelps & Phillips, LLP on

This week the Ninth Circuit affirmed a grant of summary judgment in favor of USAA Life Insurance Company, holding that the insurer was entitled to rescind the policy under California law when it discovered that its insured...more

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