Disability Insurer Properly Rescinded Policy Based On Insured’s Misrepresentations

Mealey's (July 8, 2022, 9:35 AM EDT) -- CENTRAL ISLIP, N.Y. — A New York federal magistrate judge on June 30 recommended granting summary judgment in favor of a disability insurer after determining that the insurer properly rescinded a disability policy based on fraudulent and material misrepresentations made by the insured regarding a preexisting neck condition and that the insurer did not act in bad faith in handling the insured’s claim....