There have been a number of decisions from courts across the country – including from New York’s highest court, the Court of Appeals – in cases involving stranger-originated life insurance policies (“STOLI”) since our October 2010 Legal Bulletin, “Ruling Permits Life Insurance Company’s Claims To Proceeds In Case Involving Alleged STOLI Fraud.” That Legal Bulletin

Almost a century ago, the U.S. Supreme Court recognized the importance of the “insurable interest” requirement in connection with life insurance policies. In Grigsby v. Russell, the Court explained that, “[a] contract of insurance upon a life in which the [policy owner] has no interest is a pure wager that gives the [policy owner]

Law firms in New York and across the country are being targeted in counterfeit check schemes that, according to the federal government, typically have the following elements: Scammers send e-mail to a law firm, claiming to be overseas and seeking legal representation to collect delinquent payments from third parties in the U.S. The law