January 26

2015/ January 26/ Past Issues

Life Insurance Fraud Fails

Barry Zalma On My Radar January 26, 2015

Reinstatement of Life Policy Like New Policy States, in an attempt to protect life insurance beneficiaries, make it impossible to contest the viability of a life insurance policy, even if obtained by fraud, unless the coverage is contested within two years of the inception of the policy. In Texas the requirement for an incontestability clause […]

2015/ January 26/ Past Issues

 Arbitrator’s Refusal to Honor Prior Jury Verdict is Irrational; Award Vacated

Lawrence Rogak Courtside January 26, 2015

New York City Transit Authority v GEICO On December 23, 2013, petitioner filed its petition under Article 75 of the CPLR to vacate an award made by arbitrator Mavis Thomas on September 24, 2013. In its papers, petitioner argued that the award made by the arbitrator to respondent was improper because the arbitrator exceeded its […]

A Beacon International Group, Ltd. Member