Retained Asset Accounts
Bell & Brigham has been prosecuting cases on behalf of victims of retained asset accounts since 2007, and helped obtain the first favorable ruling from a federal appeals court regarding insurance companies’ use of such accounts, which the court described as no more than “I.O.U.’s.” Mogel v. Unum Life Ins. Co. of America, 547 F.3d 23 (1st Cir. 2008). Our firm currently has cases pending against MetLife, Unum, CIGNA and Sun Life and is investigating cases against several other insurance companies. Please contact us or e-mail Mr. Brigham at lee@bellbrigham.com if an insurance company has sent you a “checkbook” instead of issuing you a lump sum payment for insurance proceeds that are owed to you.
Articles on the subject include the following:
- Bloomberg – Beneficiaries Can Bank Proceeds
- Bloomberg – Cuomo Said to Subpoena Genworth
- Bloomberg – Fallen Soldiers’ Families Denied Cash as Insurers Profit
- Bloomberg – Veterans Agency to Probe Insurer Handling Soldiers’ Benefits
- New York investigates veterans’ life insurers
- A Fallen Hero: How an Insurance Company Profited
- Insurance Companies Profit From Fallen Soldiers’ Funds
- Moegel CTA1 Opinion
- Life Insurance Firms Profit From Death Benefits
- Death-Benefit Accounts Seem to Slight Survivors
- N.Y. subpoenas MetLife, Prudential on soldier death benefits
- Veterans Agency to Probe Insurer Handling Soldiers’ Benefits
- Fallen soldiers’ families denied cash payout as insurers profit
