Court rejects assignment of claim against insolvent insurerJuly 2013Illinois Law Update, Page 336On April 16, 2013, the first district appellate court held that the insured of an insolvent insurer could not recover any proceeds from its insurance policies above the amount paid to an injured party in a settlement agreement.
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].
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.
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.
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.