Life insurance polices are backed by state guarantee associations, but the coverage offered varies drastically from state to state. Some products, like variable annuities, can be recovered in full because of the way they’re structured, but if you have term life insurance or a universal policy, you should know the limitations of your state’s coverage…
Consumer Laws
Tenants Sue After Landlord Charges Bogus Fines Reaching $8,000
By 4.4.09
440 residents of an East Harlem apartment have sued international real estate conglomerate Dawnay Day for neglecting building repairs, charging for appliances that were never purchased, and issuing fines reaching $8,000 for improperly using those imaginary appliances. New York’s State’s housing laws apparently don’t protect tenants from bogus fines, so the group instead relied on consumer laws to file their suit.
