News & Resources

In our last post, we started to examine the intricacies and mystery surrounding a life insurance dispute. The insured, a woman of considerable wealth, died under unusual circumstances. While the death was ruled accidental, her daughter and the rest of the family were unconvinced. When a $15 million life insurance policy turned up, essentially naming the deceased’s companion and purported business partner as sole beneficiary, both the family and the insurance company became suspicious. Now, the companion, the insurance company and the family are all involved in a legal action to determine who is entitled to the $15 million.

In 2008, the mother-in-law of a well-known business executive was found dead in her bathtub. She was fully clothed, high heels still on her feet. It was just the beginning of a mystery her family is trying to unwind — a mystery that involves a business associate cum social companion and a $15 million life insurance policy.

Florida residents got some good news this week, right in the middle of hurricane season, when fears of flood damage and insurance claims are high in the state. The U.S. House of Representatives approved a one-year reauthorization of National Flood Insurance Program (NFIP). Because the Senate had approved the renewal earlier, the measure now goes to President Obama for his signature.

The National Conference of Insurance Legislators (NCOIL) has proposed a model law that would strengthen protections of terminally ill and elderly patients. The law relates to another law proposed by the group earlier this year. Model laws are not guaranteed to be introduced in state legislatures. For Florida to enact these proposals, each model law must be championed by a state senator or state representative who will then see it through the legislative process.

Prudential may find itself sitting across from 60,000 military families when it answers charges of improperly collecting interest on life insurance benefits. Attorneys are considering adding fraud charges to the suit, as well.

Florida businesses may be glad to hear that the National Insurance Crime Bureau (NICB) is stepping up its efforts to uncover “slip and fall” insurance fraud. NICB agents have teamed with insurance company investigators and law enforcement personnel to look into the thousands of questionable claims submitted to insurance companies over the past couple of years.