This case involved the pre-suit settlement of several life insurance claims for $6,500,000.00, over 93% of the value of the policies. The Insurer wrote $7,000,000.00 in coverage on an 80 year old man with a history of bladder cancer, longstanding high blood pressure and a first degree atrioventricular block. The insured died less than two years after becoming insured, and the insurer denied the family’s claims, asserting that the deceased had not disclosed important information about his cardiac history on his policy applications. Counsel developed expert proof demonstrating that the insured had in fact disclosed everything of which he was aware, that the insurance company knew everything it needed to know to make its underwriting decision, and that its asserted defense was illegal. After considering counsel’s demand for reconsideration, the insurer settled the claims out of court for $6,500,000.00.
Employer-offered disability insurance plans are governed by a set of law called ERISA: the Employee…
If you have insurance through your employer and your claim is denied, here are some…
The short and tragic answer is yes, and it happens to many disabled individuals. The…
When a long-term disability insurance company determines that it may be paying benefits for a…
If your long-term disability claim is denied and you file a lawsuit at some point,…