by Brian Mahany Unless you are in the banking industry or have fallen behind in your mortgage payments, most people don’t understand the term “force placed insurance.” For those in the know, it is the financial industry’s dirty little secret. A condition of almost every mortgage loan is that the homeowner must keep insurance on […]
Met Life Pays Wrong Beneficiary, Refuses to Correct Error
by Brian Mahany We see many cases of insurance bad faith claims and this story is no exception. In a recent lawsuit, Jose Herrera sued Met Life after learning that Met Life paid the wrong person the proceeds of his late wife’s insurance policy. That sort of thing does happen and in most cases, the […]
Prudential Loses Battle in Veterans Fraud Suit
A federal judge in Massachusetts refused to toss a lawsuit brought by veterans against Prudential. The veterans claimed that the insurance giant failed to timely pay lump sum death benefits. Prudential has a contract with the Veterans Administration to provide life insurance benefits to U.S. military veterans. Under the contract, Prudential is supposed to pay […]
Insurance Bad Faith – When the Insurer Refuses to Pay – How to Sue Your Insurance Company and Win
[Updated through May 2020] We buy insurance to protect against lawsuits, property damage or economic damage. We insure or homes and cars. Businesses purchase insurance to protect from fires, floods, lawsuits and a host of other claims. Professionals often purchase malpractice insurance. We expect that in return for premium payments, the insurance company will be […]