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The Law of Life and Health Insurance - § 2.07[9] Investor Initiated Life Insurance (“IILI”)

The Law of Life and Health Insurance - § 2.07[9] Investor Initiated Life Insurance ("IILI") , is a section that was recently added to Chapter 2 "Insurable Interest" of The Law of Life and Health Insurance by Bertram Harnett and Irving Lesnick. The authors added this subsection...

Blogs From the Advisory Board: Insurer Potentially Liable To Investor in Ponzi Scheme Where Insurer Ignored Known Misrepresentations by Its Insured, Investment Company

By Daniel W. Gerber, Partner, Goldberg Segalla LLP Ivie v. Diversified Lending Group, Inc., Case No. 1:09-CV-751, 2011 U.S. Dist. LEXIS 27680 (W.D. Mich., Mar. 17, 2011) Plaintiff, Ivie, invested $2.2 million in a "guaranteed" 9% interest-earning note issued by DLG. DLG represented...