In life insurance, you have an "insurable interest" in another person when the death of that person would cause you a financial loss or other hardship. Insurable interest can be present in many ...

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 ...

This alert covers the current law on stranger-originated life insurance (“STOLI”) policies in 14 different states and includes updates concerning the following developments: Man walks into a ...

Life insurance provides financial benefits to a designated party after your passing. The beneficiary named by the policy can be an individual, estate, trust or organization. You can name multiple ...