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U.S. Bank National Association v. Sun Life Assurance Company of
Case Number:
16-1049
Court:
Nature of Suit:
Companies
Sectors & Industries:
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November 10, 2016
7th Circ. Won't Rehear Order To Pay $6M Stranger Policy
The Seventh Circuit on Thursday declined Sun Life Assurance Co. of Canada's for the full court to rehear an October panel ruling that the insurer showed bad faith by refusing to pay U.S. Bank NA after it took over a $6 million life insurance policy apparently taken out by a stranger to the now-deceased.
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October 27, 2016
Full 7th Circ. Urged To Revisit $6M Stranger Policy Row
Sun Life asked the full Seventh Circuit on Wednesday to rehear a panel ruling that the insurer exhibited bad faith in refusing to pay U.S. Bank after it took over a $6 million life insurance policy taken out on a stranger.
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October 12, 2016
Insurer Must Pay $6M On Stranger's Life Policy, 7th Circ. Says
The Seventh Circuit said Wednesday that Sun Life Assurance Co. of Canada exhibited bad faith in refusing to pay out on a $6 million life insurance policy taken out on a stranger, affirming a lower court's order that it pay U.S. Bank in a ruling written by U.S. Circuit Judge Richard Posner.
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July 14, 2016
Insurer Can't Duck $6M Payout To Stranger, 7th Circ. Told
U.S. Bank told the Seventh Circuit on Wednesday that Sun Life Assurance Co. of Canada can't escape paying out a $6 million life insurance policy apparently taken out by a stranger to the deceased, saying insurers must reject such policies before it receives premiums under them.
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June 14, 2016
Stranger-Originated Life Policy Is Invalid, 7th Circ. Hears
Sun Life Assurance Co. of Canada told the Seventh Circuit on Monday that a court was wrong to rule in favor of U.S. Bank over a $6 million life insurance policy that Sun Life said showed strong signs of being taken out by a stranger to the person who died.