Eleventh Circuit Rules Against MONY Life Insurance in Unjust Enrichment Case, Upholding Contractual Protections for Policyholder
TAMPA, Fla. — In a significant ruling, the Eleventh Circuit Court of Appeals has overturned a jury verdict that favored MONY Life Insurance Co. in a case against policyholder Bernard Perez, focusing on the principle of unjust enrichment. The court concluded that insurers cannot pursue claims for unjust enrichment if an explicit insurance agreement addressing the same matter exists. The dispute originated from a disagreement between MONY and Perez regarding benefits linked to a disability insurance policy. Perez was diagnosed with squamous cell carcinoma in 2011 and began receiving income replacement disability benefits while undergoing … Read more