Insurance Policy Ruled Voidable Due To False, Misleading Income Estimate

Mealey's (June 8, 2021, 1:55 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey on June 3 granted summary judgment in favor of an insurer and an insurance broker in an insurance fraud lawsuit stemming from an insured’s alleged false and misleading information contained in her life insurance application, ruling that the insurer “is entitled to rescind the policy as void for equitable fraud.”...