Since this important change in ERISA jurisprudence, we have noticed a significant increase in ERISA breach of fiduciary duty claims against employers alleging errors in the administration of life insurance plans in particular. Many such cases seem to involve conversion, porting, and/or continuation of coverage provisions. (Hereafter, “conversion” provisions.) Plaintiffs are blaming denied life claims on their employers – for instance, in failing to provide accurate or timely information about conversion issues that allegedly caused the rejection of an application for conversion. As even the Chief Justice recognizes, plan administration mistakes – sooner or later – are inevitable. Given this inevitability, employers – especially small to medium-sized employers – may have cause to reconsider whether the liability risks outweigh the value of providing life insurance benefit plans to their employees. … [Read more...] about Are Employee Life Insurance Benefit Plans Worth the Risk of Litigation After CIGNA Corp. v. Amara?
1 million whole life insurance cost
SECTIONS Search E-edition Customer Service Customer Service SacBee Rewards About Us About Us Contact Us Apps Mobile & Apps Twitter, Facebook, Google+, YouTube News in Education (NIE) Newsletters Local Sacramento Region Arena City Beat Crime Local Govt Salary Database The Homeless Marcos Bretón Transportation Education Environment Health & Medicine Traffic Conditions Weather Communities Elk Grove Folsom/El Dorado Roseville/Placer Yolo Sports Sports Kings NBA News 49ers Giants Oakland A's High School Sports Joe Davidson More Sports Raiders NFL News MLB News River Cats Soccer Colleges Golf Autos Racing Politics Politics Capitol Alert State Workers The California Influencer Series Local Elections PoliGRAPH State Worker Salary Database Legislative Gifts … [Read more...] about Gavin Newsom’s health plan could help lower your insurance costs – or make you pay a fine
This mortgage financing followed another mortgage loan of $70 million completed on April 8, 2009 in favour of Édifice 500 Grande-Allée Est Inc./500 Grande-Allée East Building Inc., that was secured by the property located at 500 Grande-Allée East in Québec City.Both owners and borrowers are controlled by Montréal real estate developer Georges Gantcheff. Gantcheff also controls a large and highly diversified real estate portfolio composed of office, retail and industrial properties, as well as apartment buildings located in Montréal, Toronto and Québec City. Most of the properties are managed by Cromwell Management Inc. represented by Stanley Zipkin.The Manufacturers Life Insurance Company was represented by Fasken Martineau DuMoulin LLP with a team comprised of Marc Généreux, Mario Paul-Hus and Hsiao-Chen Lin (real estate), and Gilles Carli and Paul Cabana (tax).Édifice 500 René-Lévesque Ouest Inc./500 … [Read more...] about Manufacturers Life Insurance Completes Two Mortgage Loans Totalling $155M
"The good news is that we're living longer and the bad news is that we're living longer," said Michael Frank, an actuary and president of Aquarius Capital, a consultancy in Port Chester, New York. "Long-term care insurers are dealing with multiple crises." … [Read more...] about Long-term care policies loom over U.S. life insurance results
TRIPRA’s expiration is of particular significance for businesses and organizations that are required to maintain terrorism insurance under financing or lending agreements. Such entities may include those in the hotel, tourism, sporting and concert industries, large commercial and industrial centers such as high-rise office buildings and major shopping centers, commercial real estate developers, universities, amusement parks and other entertainment attractions. Foregoing terrorism risk coverage may not be an option for these entities. … [Read more...] about Policyholders Face Uncertainty after Lapse of Terrorism Risk Insurance Program