The Long-Term Care Financing Crisis: GE Struggles With Reinsurance Obligations
Like Many Other Companies, General Electric Has Been Swept Up in the Long-Term Care Financing Crisis The costs of long-term care (LTC) for older Americans can be catastrophic, often reaching hundreds of thousands of dollars over the course of a lifetime. While insurance carriers and corporations jumped at the opportunity to market LTC insurance products …
Chicago Insurance Attorney David Bryant to Speak on Private Pay Options for Long-Term Care at Upcoming Illinois State Bar Association Program
Bryant Legal Group PC announces that Attorney David Bryant has been invited to speak at the Illinois State Bar Association, Elder Law Section Council’s fifth annual boot camp on April 26-27, 2018 in Chicago. Attorney Bryant will discuss private pay options to cover the cost of home health care, nursing homes, assisted living facilities and …
Jennifer Danish Appointed Leadership Positions by the ABA TIPS Section Chair
Holly M. Polglase, 2017-18 American Bar Association Tort Trial & Insurance Practice Section (ABA TIPS), appointed Jennifer M. Danish to serve as a Member of the ABA TIPS Council General Committee Board Standing Committee for 2017-2018 on June 23, 2017. Holly M. Polglase also appointed Jennifer to serve as Chair to the Health and Disability Insurance Law …
David A Bryant Appointed to the ISBA Insurance Law Section Council
Russell W. Hartigan, ISBA President-Elect, appointed David A. Bryant to serve as a Member of the ISBA Insurance Law Section Council for 2017-2018 on May 24, 2017. David has accepted the appointment and is honored to serve in the coming year.
Seventh Circuit Awards Accidental Death Benefits
The United States Court of Appeals for the Seventh Circuit issued a decision in Prather v. Sun Life and Health Insurance Company on December 13, 2016. On July 16, 2013, Jeremy Prather had torn his left Achilles tendon playing basketball and after consulting with an orthopedic surgeon he scheduled surgery for July 22, 2013. The day …
Life Insurance Owner Should Usually Have an Insurable Interest in the Insured Life
The United States Court of Appeals for the Seventh Circuit issued a decision in Sun Life Assurance Co. of Canada v. U.S. Bank National Association on October 12, 2016 affirming the district court’s judgment. The Court’s decision begins, “A common law principle that so far as we know is in force in every state of …
You Should Know: Overdoses Soar with Drug Company Profits
Bryant Legal Group’s October 2016 “You Should Know” newsletter was distributed last night. It is available online here. In this issue: “Addiction Explodes with Sales,” “Abuse, Addiction Prevention Checklist,” and “Track Pharma Dollars to Docs.” If you would like to subscribe to our newsletter, you can do that here.
Insurer Required to Defend Insured
The Seventh Circuit Court of Appeals affirmed in part and reversed in part the district court’s decision regarding insurer’s duty to defend. Cincinnati Insurance Company brought action seeking declaration that its policy did not apply to the underlying claims against insured, arising out of automobile accident which resulted in death of insured’s wife. The United …
Limits to Bad Faith Discovery in Illinois?
Zagorski v. Allstate Insurance Company, 2016 IL App (5th) 140056 (May 16, 2016) St. Clair Co. (CATES) Affirmed in part, reversed in part, and vacated in part; remanded with directions. (WELCH and GOLDENHERSH, concurring.) Plaintiffs filed suit against their insurer, Allstate Insurance Company, alleging vexatious breach of contract and common law fraud, under Section 155 …
Does ERISA Cover My Church-Affiliated Disability Insurance Plan?
If you work for a religiously affiliated organization, different rules may apply to your disability insurance claim. ERISA does not cover many church plans due to an exception in the law, so it’s important to understand whether your plan qualifies as a church plan before you proceed with a claim. To learn more about church plans and your long-term disability claim, keep …