life insurance payouts News

Illinois Treasurer Wants to Ensure Life Insurance Payouts

A measure backed by Illinois’ treasurer could help ensure that insurance companies have paid out money properly to beneficiaries of life insurance policies. The proposed legislation would require companies to examine the past 20 years of their records to ensure …

Florida Podiatrist Using Wife’s Life Insurance to Pay for Murder Defense

A Florida podiatrist accused of killing his estranged wife is using part of her life insurance settlement to pay for his defense. The Tallahassee Democrat reports that 48-year-old Dr. Adam Frasch pleaded not guilty to first-degree murder in the death …

Kansas Commune Leader Found Guilty in Murder-for-Insurance Case

A man who led a Kansas commune that collected millions of dollars in life insurance payouts from dead members has been convicted of premeditated murder in the 2003 drowning death of a female member. Daniel Perez, 55, also was found …