Moral Hazard

Murder

  • 2003 - JIR - The Murder of the Insured By the Beneficiary: Attempting to Quantify One Moral Hazard Relating to Life Insurance Contracts - [PDF-29p]

  • 2016 - News - Court denies retrial for man convicted of murdering Vern Holbrook 

    Prosecutors said Blizzard sought to kill Holbrook after an agreement to buy Holbrook’s Aspen Real Estate fell apart. As part of the business deal, Blizzard had taken out a $1.58 million life insurance policy on Holbrook, which Blizzard continued to make payments on even after the sale fell through.

    Blizzard was sentenced to 
34½ years in prison for his role in the killing, after a jury found him guilty of first-degree murder.