A New York and New Jersey Lawyer Who Represents Policyholders and Beneficiaries in Life Insurance Denial Cases

Category Archive for 'Public Policy'

Here is a link to an informative article written by Amy Bach of United Policyholders, a non-profit that advocates for the rights of insurance policyholders. It focuses on the insufficient remedies available to New York insureds when their insurance claims are wrongfully denied. In most all cases, the insured can only sue for breach of […]

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United Policyholders and other pro-consumer groups have been advocating for the New York State Legislature to pass a bad faith bill that allows for insureds who are successful in litigation against their insurance companies based on a claim denial to recover attorney’s fees. New York is one of the least insured-friendly states in the nation, […]

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Fox Business must have had a slow news day, because in a recent article it entertained the hypothetical question of whether a prison inmate can obtain a life insurance policy. Basically, the answer–to those who are curious, and you are quite likely few in number–is negative. According to the article, 7 million Americans, or 2.9% […]

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A few months ago, the NY Court of Appeals put the insurance industry into a tizzy by holding that if an insurer wrongly refuses to defend its insured in a lawsuit, it will later not be allowed to raise policy exclusions as a defense to providing coverage. More specifically, if the insurer refuses to hire […]

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Currently, we are in a period of low interest rates that is unprecedented in our nation’s economic history. That is, I think it’s unprecedented. I’m a lawyer, not an economist, so I don’t possess that type of financial knowledge and don’t know if that statement is really true. I suppose I could fact-check it on […]

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Slayer Statute cases are those where the life insurance beneficiary is accused of killing the insured. Most states, if not all, have laws on the books that prevent a life insurance beneficiary from collecting the insurance policy if he or she is responsible for the death of the insured. A typical scenario is where one […]

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It’s not often that the life insurance industry is prominent in the news, but it was on June 11, 2013 when the New York Times reported how New York State regulators are calling for an end to tricky financial transactions used by life insurers to inflate their assets by billions of dollars. By making secret […]

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Homeowners in the New York and New Jersey area have met with frustration, defeat and disgust in trying to get their Hurricane Sandy insurance claims adjusted by their insurance companies. The New Jersey Star-Ledger recently looked into what these homeowners have experienced, from getting raw deals from insurance adjusters who evaluate their claims with inaccurate […]

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A brief article posted on abcactionnews.com highlights a problem that I see quite regularly as a life insurance attorney who represents policyholders and beneficiaries — the phenomenon of universal life insurance policies that prematurely run out of cash value and lapse. People invest thousands of dollars in these policies, believing they will serve as both […]

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I’m always on the lookout for good book recommendations. If you haven’t already, I suggest you pick up a copy of┬áJustice by Professor Michael Sandel of Harvard University. He’s a renowned political philosopher with a communitarian bent, and the book emerged from his extremely popular undergraduate course at Harvard of the same name. Justice provides […]

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