June 24, 2022
The Eleventh Circuit affirmed a ruling that a Berkshire Hathaway unit and Wells Fargo must pay $4 million to a Florida woman's estate over an illegally procured life insurance policy, although Berkshire can continue arguing that it should be entitled to recover premiums it paid on the policy.
May 26, 2022
Unwitting second-hand buyers of life insurance schemes that allow speculators to take out policies on the life of a stranger and profit if the person dies early may recover premiums if they can prove they are legally entitled to them, the Delaware Supreme Court said Thursday.
May 28, 2021
The Eleventh Circuit has agreed with a Florida federal court that a Sunshine State woman's life insurance policy was illegally procured, though the appellate court otherwise stayed Berkshire Hathaway's appeal of the ruling that it owes $4 million until the Delaware Supreme Court answers several questions.
April 22, 2021
Insurer Berkshire Hathaway told the Eleventh Circuit Thursday that a lower court erred in finding that a Florida woman's life insurance policy it purchased through a secondary market had been originally procured through an illegal transaction, and that it must pay more than $4 million in proceeds to the woman's estate.