California Insurance Litigation Blog

California Insurance Litigation Blog

Category Archives: Life Insurance

Subscribe to Life Insurance RSS Feed

Echague v. Met Life: Equitable Surcharge is an Available Remedy Against Unresponsive Plan Administrators Under ERISA

Posted in Case Updates, Equitable Relief, ERISA, Life Insurance
The Employee Retirement Income Security Act of 1974 (“ERISA”) seeks to protect participants in employer-sponsored plans, but lack of adequate communication and transparency is an often an unfortunate byproduct of the insurance industry.  The California district court shed light on this issue in Echague v. Metro. Life Ins. Co., 2014 U.S. Dist. LEXIS 68642 (N.D. … Continue Reading

FAQs: Should You Hire an Attorney to Help You With Your ERISA Appeal?

Posted in Disability Insurance, ERISA, Insurance Questions and Concepts, Life Insurance
The McKennon Law Group PC periodically publishes articles on its California Insurance Litigation Blog that deal with frequently asked questions in the insurance bad faith, life insurance, long term disability insurance, annuities, accidental death insurance and ERISA areas of the law.  This article in that series focuses on appealing a denial of your long term … Continue Reading

Governor Jerry Brown Signs Law Changing Lapse Requirements For Life Insurance Policies

Posted in Insurance Commissioner, Life Insurance
Insurance Commissioner Dave Jones last week announced that Governor Jerry Brown has signed AB 1747, authored by Assembly Member Mike Feuer (D-Los Angeles).  The bill was strongly supported by Commissioner Jones and the California Department of Insurance and provides important consumer safeguards for life insurance policyholders.  AB 1747, which will be effective January 1, 2013, … Continue Reading

MetLife Pays $40 Million To Settle Allegations That It Failed To Properly Identify And Pay Life Insurance Beneficiaries

Posted in Insurance Commissioner, Life Insurance
The California Department of Insurance, along with five other state insurance departments, reached a settlement with Metropolitan Life Insurance Company, Inc. (“MetLife”) over allegations that the company failed to properly utilize the Social Security Administration’s Death Master File database to identify deceased life insurance policyholders and pay their beneficiaries.  In addition to promising to enact … Continue Reading

McKennon Law Group Founding Partner Robert McKennon Featured in January 2012 Issue of Forbes Magazine

Posted in Disability Insurance, Health Insurance, Life Insurance, News, Super Lawyer
Los Angeles – Noted Southern California insurance and business litigator Robert J. McKennon was featured in the “Southern California Legal Profiles” section of the January 2012 issue of Forbes Magazine in an article highlighting his experience as a top Southern California insurance and business litigation attorney… Continue Reading

California Courts Deal Another Blow To Plaintiffs’ Efforts To Bring Class Actions Based on Insurer and Agents Misrepresentations

Posted in Class Actions, Health Insurance, Life Insurance
The California Court of Appeals for the Second District has upheld a trial court finding that may effectively limit and discourage attorneys from filing class actions based on misrepresentations in the sale of insurance policies through agents.  In Fairbanks et al. v. Farmers New World Life Ins. Co. et al., __ Cal. App. 3d __ … Continue Reading

California Announces Investigation of MetLife for Failure to Pay Life Insurance Benefits

Posted in Annuities, Insurance Commissioner, Life Insurance, News
On April 25, 2011, California Insurance Commissioner Dave Jones and California State Controller John Chiang announced that they are investigating Metropolitan Life Insurance Company (“MetLife”) for a failure to pay out life insurance benefits after learning of an insured’s death.  It appears that while MetLife learned of its insured’s deaths through a database prepared by … Continue Reading

The NAIC Announces Hearings on Stranger-Owned Annuities

Posted in Legislation, Life Insurance, News
Stranger-Owned Annuities allow investors to purchase an interest in the life of an elderly or terminally ill person, inducing the insured to purchase the policy largely for the benefit of unrelated and sometimes unknown beneficiaries. The NAIC will examine whether greater regulation of the Stranger-Owned Annuity market is warranted and whether consumers are adequately protected. … Continue Reading

STOLI and Life Settlement Transactions Soon to be Regulated in California

Posted in Legislation, Life Insurance, News
Life settlements, also known in the industry as  “stranger-originated life insurance” (“STOLI”) transactions have existed for several years but most states have not regulated them, at least until recently.  The life insurance industry has for years attempted to eliminate such transactions as they typically are not in the insurer’s best financial interest.  However, in recent … Continue Reading