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

Category Archive for 'Public Policy'

In the wake of Hurricane Sandy approximately 3,000 complaints have been made to the New York State Department of Financial Services, the administrative agency that oversees the business of insurance in the state. Addressing members of the State Assembly in Albany, Superintendent Benjamin Lawsky, the top insurance regulator in New York, conveyed that this indicates […]

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Million Dollar Baby

The Washington Post reports that three life insurance companies issued policies for total amount of over $500,000 on the life of a 15-month-old who was allegedly drowned by his father. One policy issued by Mass Mutual was reportedly for $443,000. The police have asserted that father obtained the policies as part of a horrific scheme […]

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A New Jersey bill that would require insurance companies to provide consumers with a single-page summary of their homeowner policies has moved out of committee to be put to a vote before the full Assembly, reports the Property Casualty 360 blog. The reason for the bill is the confusion that property owners experienced in the […]

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In the wake of Hurricane Sandy, the conversation has shifted more and more to the legal issues that will arise in the upcoming litigation over denied claims. In other words, homeowners who have suffered damage, and unfortunately had their insurance claims denied, are wondering if they will ultimately be paid for their losses. Unfortunately, there […]

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Bloomberg reports that the House has passed a relief measure to aid victims of Hurricane Sandy, raising the borrowing power of the federal flood insurance program by $9.7 billion, and consequently, continuing to pay damage claims to 120,000 policyholders. House Speaker John Boehner came under immense fire for preventing a vote on the bill from […]

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Today the New York Law Journal published “Businesses Damaged by Sandy Face Knotty Insurance Issues,” an article by Christine Simmons which explores business interruption claims, as its title indicates, and also gives an overview of the coverage issues for homeowner claims that have arisen in the aftermath of Hurricane Sandy. A number of New York […]

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Now that Hurricane Sandy has passed through the Northeast, leaving mass devastation in its wake, the resulting property damage is estimated to be in the billions of dollars. Property policies can differ on how they cover, or do not cover, water damage. Now is a good time to review your policy carefully. Policies often will […]

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Yesterday I attended a CLE at the NYC Bar Association that focused on insurance disputes. Sitting through it, and it was a good program, by the way, I found it particularly interesting that there is an ongoing debate between insurance company and policyholder advocates about what the case law stands for and what the requirements […]

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An interesting case, Halberstam v. The United States Life Insurance Company in the City of New York, came down the pike from the Brooklyn state supreme court holding that even though an imposter submitted to a life insurance examination, the policy was nonetheless valid. A $5 million policy was purchased by the Leo G. Family […]

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A heartwarming story comes out of Bloomfield Hills, Michigan about a jury verdict that awarded a $2 million policy to an elderly widow after the life insurance company, United of Omaha, declared the policy to have lapsed when she and her husband failed to make a timely premium payment while he was dying in the […]

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