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Insurance Cos. Clash Over Gift System Patent

Law360, New York (July 02, 2009) -- Equitable Life & Casualty Insurance Co. has accused rival American National Insurance Co. of infringing a patent covering a system that releases life insurance payments as gifts to designated beneficiaries.

The complaint, lodged Tuesday in the U.S. District Court for the District of Utah, alleges American National sells a product that uses the principles and claims of Equitable’s patented system...

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