Reply #98: I'm not concerned about the word "believed" because I see cases BEYOND the 215 above (WSJ liink)

[Land Shark]

The bank called Amegy should be added to the list in the OP. The WSJ law blog calls DPI "the next big thing in insurance litigation" and describes a lawsuit regarding Amegy, some facts of which are:

Amegy fired a man with brain cancer shortly after offering him "supplemental insurance" (canceling his $150K in supplemental via the firing, by the way) and the surviving spouse found out about the $1.5 million policy AMEGY DID NOT CANCEL when she received the check by mistake made out to "Amegy" (see link above) http://blogs.wsj.com/law/2009/02/24/dead-peasant-policies-the-next-big-thing-in-insurance-litigation/

(In another video link, it explains that Amegy CLAIMS they gave notice but this is denied by family survivors & that only banks have any general disclosure requirements. Though some new regs are in place, courts have ruled so far they are not retroactive so there are time-bomb nondisclosure issues out there from several years ago, plus newer ones with noncompliant nondisclosure.)

Another link at crooksandliars has a music store clerk with over 300K in policies on his head when he died.