The U.S. Court of Appeals for the First Circuit has ruled against a putative insurance class action over the requirement that a life insurance company receive notification of the death of its insureds before it pays death benefits.
Plaintiff Richard Feingold said John Hancock Life Insurance Company had a duty to notify beneficiaries of life insurance proceeds to which they are entitled after the insurer entered an agreement with several states about how it will handle unclaimed insurance policy proceeds.
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