The Florida Supreme Court recently held that life insurance policies procured by investors through a STOLI scheme did not violate Florida’s insurable interest statute and could not be challenged after ...
Life insurance isn’t just for protecting your own financial future; you can also purchase policies for others, provided you have insurable interest and their consent. Insurable interest is a key ...
The plaintiff, a business that operated as a hotel, purchased insurance from the defendant intending to cover loss or damage to both its hotel and an adjoining restaurant property. The restaurant ...
ATLANTA--(BUSINESS WIRE)--March 24, 2006--The Life Insurance Finance Association (LIFA) represents the life insurance premium finance industry and other life insurance, financial planning and loan ...
An appeals court’s decision to uphold sanctions against a premium finance company is less noteworthy for the case’s legal outcome than it is for the peek into the labyrinth of financial engineering ...
An insurance concept that often gets misunderstood, despite underpinning every insurance policy, is insurable interest. While it might sound technical, Willem Coetzee, CEO of Zenith, says the ...
The son of an insured filed an action after the insurer denied his claim under a homeowners policy after a fire had seriously damaged the house that he had inherited. The insurer claimed the son was ...
When you purchase a fire insurance policy, you are essentially buying financial protection against losses caused by fire or related perils. But not everyone can insure every property. To make a fire ...