Delaware Supreme Court issued Wells Fargo Bank, N.A. and Berkshire Hathaway Life Insurance Company of Nebraska v. Estate of Phyllis M. Malkin decision. Rejects idea that Delaware estate statute forecloses all defenses, disallows sued party premium recovery.
On May 26, 2022, the Supreme Court of the State of Delaware issued its decision in Wells Fargo Bank, N.A. and Berkshire Hathaway Life Insurance Company of Nebraska v. Estate of Phyllis.
Delaware Supreme Court issued Wells Fargo Bank, N.A. and Berkshire Hathaway Life Insurance Company of Nebraska v. Estate of Phyllis M. Malkin decision. Rejects idea that Delaware estate statute forecloses all defenses, disallows sued party premium recovery.
AM Best also has affirmed the FSR of A+ and the Long-Term ICR of“ aa-” of First Berkshire Hathaway Life Insurance Company. The ratings of First Berkshire Hathaway Life Insurance Company reflect its balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, limited business profile and appropriate ERM.