When an orthopedic surgeon with a large number of disability policies sued one insurer for terminating his monthly proceeds, the insurer claimed that the doctor engaged in fraud when obtaining the policy and thus the insurer counter-sued for a $700,000 refund of monies already paid to the doctor for his disability.
Extensive litigation centered upon whether New York or New Jersey law would apply to the dispute. New Jersey is the only state that has certain exceptions to the general rule that prohibits insurers from seeking to rescind a policy after it has been in effect for more than 2 years.
We employed a strategy that would allow the client to win in either state and uncovered evidence from the insurance company proving that our client did not commit fraud. So, instead of our client paying the insurer $700,000 in a refund, we obtained another $600,000 in a lump-sum settlement for him, ending years of struggle with the insurer.
Schwartz, Conroy & Hack is the premier disability insurance law firm in the United States. To see how we can help you, contact us.
Evan S. Schwartz
Founder of Schwartz, Conroy & Hack
800-745-1755
ESS@schwartzlawpc.com