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Judge Could Give Early Win to Companies Over Insurance Law - Insurance Coverage

Insurance Coverage


Posted on: Jan 18, 2018

After hearing argument Wednesday, Circuit Judge Terry Lewis said he would rule on the companies’ motion for summary judgment “fairly soon.” Such motions allow parties to win a case without a trial.

The plaintiffs — United Insurance Co. of America, Reliable Life Insurance Co., Mutual Savings Life Insurance Co. and Reserve National Insurance Co. — write policies in Florida.

They sued the state over the law, which makes them check which policyholders have died back to 1992, then track down any beneficiaries. If beneficiaries can’t be found, insurance proceeds must be turned over to the state as unclaimed property.

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