Insurable interest in building remains after demolition contract is signedDecember 2012Illinois Law Update, Page 632On September 28, 2012, the first district appellate court held that an insured who owned and had entered into a demolition contract for a building, but had not yet begun to demolish the building, had an insurable interest in the building when it was damaged in a fire.
Three Title Insurance Traps for Real Estate LawyersBy Michael J. RooneyMarch 2012Article, Page 146Closing protection letters, the Form DS-1 disclosure, and key 2010 revisions to the Rules of Professional Conduct are potential pitfalls for real estate lawyers.
Implementing standard nonforfeiture law for life insuranceOctober 2011Illinois Law Update, Page 496The Illinois Department of Insurance recently adopted new rules for reasonable nonforfeiture benefits in the event a consumer decides to terminate certain life insurance policies as authorized by section 229.2 of the Illinois Insurance Code [215 ILCS 5/229.2].
Marital Property: Making the Pie LargerBy Professor H. Joseph GitlinJuly 2011Column, Page 367Employer-based health insurance should be treated as marital property.
Health Care Reform: the Constitutional Challenge to the Individual MandateBy Brian J. McKenna and Nancy K. McKennaMay 2011Article, Page 246The individual mandate, which penalizes the failure to buy health insurance, is at the heart of the constitutional challenges to health care reform. Here's a reader-friendly guide to the arguments.
Life Insurance Proceeds Are Exempt From Creditors - Or Are They?By Thomas A. Pasquesi and Thomas M. BadenhausenMay 2011Article, Page 254The law exempts life insurance policy proceeds from the claims of a decedent-insured's creditors. But exceptions give creditors an opportunity to recover.
Are you ready for health care reform?By Helen W. GunnarssonOctober 2010Lawpulse, Page 502Important provisions of the Patient Protection and Affordable Care Act are kicking in, and lawyers - both as employers and counselors - need to take note.
Mandatory unemployment insurance disclosure by not-for-profit employers. P.A. 096-0970September 2010Illinois Law Update, Page 452The Illinois General Assembly has amended the General Not-For-Profit Corporation Act of 1986, requiring not-for-profit corporations to inform their employees by written notice or in their employment contract that they are not eligible for unemployment insurance benefits.
Using Life Insurance to Secure a Maintenance ObligationBy Rob ShumakerSeptember 2010Article, Page 466What happens when a maintenance-paying spouse dies shortly after the judge signs the dissolution judgment? Is the maintenance recipient out of luck? That may depend on where the case arose.
Stranger-Owned Life Insurance: The Rewards: a Fictional Case StudyBy Stephen M. Margolin and Valerie J. FreireichNovember 2009Article, Page 568An elderly - and wealthy - person lets investors buy insurance on his life in return for cash, and everyone makes money. Or do they?
Act extends ability of terminated employees to continue medical insurance coverage. PA 096-0013August 2009Illinois Law Update, Page 392The Illinois General Assembly has amended the Illinois Insurance Code (Code) and the Health Maintenance Organization Act to provide for circumstances in which employees who are terminated or whose hours fall below the minimum hours necessary for coverage may continue to be covered under a group policy or group HMO coverage plan.
The Collateral Source Rule after Wills v FosterBy Jennifer L. Tweeton and Erin N. GrahamApril 2009Article, Page 184A review of the supreme court’s decision in Wills, which allows plaintiffs to recover the “reasonable” (i.e., undiscounted) value of their medical expenses, even if paid by Medicare or some other third party.
Different definitions of an insured for UM and UIM coverage disregards legislative intentMarch 2009Illinois Law Update, Page 122On January 8, 2009, in a consolidated appeal, the Illinois Appellate Court, First District, reversed the judgment of the Circuit Court of Cook County granting summary judgment in favor of Farmers Insurance Company in the Schultz action and granting summary judgment in favor of Barbara Weglarz in the Weglarz action.
New life insurance standards for reserve liabilities and nonforfeiture valuesMarch 2009Illinois Law Update, Page 122The Department of Financial and Professional Regulation added a new Part to Title 50 entitled,Preneed Life Insurance Minimum Standards for Determining Reserve Liabilities and Nonforfeiture Values. 50 Ill Adm Code 1414, 32 Ill Reg. 19725.
Understanding Uninsured and Underinsured Motorist ProvisionsBy Helen W. GunnarssonMarch 2009Article, Page 126UM/UIM provisions can salvage what would otherwise be a no-recovery case, but you need to understand your clients’ liability policies, not just the tortfeasors’.
