death benefits News

Illinois Treasurer Looking into How Life Insurance Companies Avoid Payouts

Illinois Treasurer Michael Frerichs is launching a series of public hearings to explore how life insurance companies avoid paying death benefits. The first hearing is set for this morning in the city council chambers in Normal. The state treasurer’s office …

Florida Businessman Who Faked Death Arrested in North Carolina

A Florida businessman who authorities say faked his own death to dodge debts while reaping millions in life insurance benefits is sitting in a North Carolina jail after allegedly applying for a passport under another man’s name. Jose Salvador Lantigua …

Work Comp Death Benefits Awarded to Husband of Oklahoma Beheading Victim

The husband of a woman who was beheaded last year at an Oklahoma food-processing plant has been awarded $100,000 in death benefits plus $418 a week for the rest of his life. The Oklahoman newspaper reports the benefits were approved …

Florida Lawyer Found Guilty in $800M Insurance Fraud Scheme

A South Florida attorney has been convicted for his role in an $800 million insurance fraud scheme involving investments in death benefits. A jury on Wednesday convicted 64-year-old Anthony Livoti Jr. of money laundering and fraud conspiracy in the Mutual …

Calif. Settles with Funeral Co. Over End-Of-Life Policies

California officials have reached a $25 million settlement with a company that sells end-of-life policies through funeral planners, state Controller John Chiang announced. The settlement with Forethought Group Inc., a Texas-based company that, according to its website, offers planning for …

John Hancock, Law Firm Face Tax Shelter Racketeering Lawsuit

John Hancock Life Insurance Co. and its law firm, Edwards Wildman Palmer, must face a class action accusing them of violating racketeering laws by marketing a tax shelter, a federal appeals court ruled on Wednesday. The 6th U.S. Circuit Court …