Panel Says Statute Of Limitation Ran Out Before Insurer Sued Its Employees

Mealey's (January 12, 2017, 7:11 AM EST) -- CHICAGO — An Illinois appellate court panel on Dec. 29 affirmed a lower court decision that the five-year statute of limitations had passed before an insurer sued two of its employees that were allegedly involved in a reinsurance scheme designed to defraud the insurer (Guarantee Trust Life Insurance Company v. Robert Kribbs, et al., No. 1-16-0672, Ill. App., 1st Div.; 2016 IL App (1st) 160672)....

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