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"Hot Topics in Regulation and Litigation for Life Insurers"
Annual Meeting of the Life Insurers Council
May 2011

Covert J. Geary, partner in the firm’s Business & Commercial Litigation Practice Group, spoke at the Annual Meeting of the Life Insurers Council, or LIC, one of the oldest and largest life insurance industry trade groups. Mr. Geary’s presentation was titled “Hot Topics in Regulation and Litigation for Life Insurers.” In it, he addressed regulatory issues that included developments in claims by state insurance commissioners that life insurers remit proceeds of stale policies to their state's unclaimed property fund, and litigation issues that included bad faith, stranger owned life insurance, and the use of retained asset accounts to pay benefits. Sara C. Valentine, an associate in the Business & Commercial Litigation Practice Group, assisted in the preparation of the paper.