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New trial for case that exposed insurers to billions in damages - Vimarsana News

New trial for case that exposed insurers to billions in damages

Published: October 19, 2022

LOS ANGELES (Legal Newsline) - A California appeals court ordered a new trial for a lawsuit that produced a state Supreme Court decision exposing life insurance companies to billions of dollars in damages, by ruling a 2013 law applied to retroactively to every policy sold in the state.

Source: legalnewsline.com
Related Topics:
United StatesWilliam Patrick MchughSupreme CourtCalifornia Supreme CourtLegal NewslineFourth Appellate DistrictInsurance CodeFourth DistrictCalifornia Court Of Appeal
California Judge: Grace Period On Missed Payment Applies Retroactively - Vimarsana News

California Judge: Grace Period On Missed Payment Applies Retroactively

Published: October 20, 2021

The California Supreme Court recently ruled that statutes making it harder for an insurer to cancel a policy for nonpayment of premiums apply to retroactively to policies.

Source: insurancenewsnet.com
Related Topics:
United StatesEllis Redd BatesBlakely MchughJohn HiltonDeana FarleyWilliam Patrick MchughTrystam HenselmeierSupreme Court Justice Mariano Florentino CuDifferent CourtChase Life Insurance CompanyCalifornia Supreme CourtEastern DistrictLincoln BenefitChase Life InsuranceProtective LifeDay Grace