Estate Says Restoration Provision Is Ambiguous, Coverage Denial Vexatious

(February 22, 2017, 8:12 AM EST) -- ST. LOUIS — The estate of a man who purchased a policy from Bankers Life & Casualty Co. is asking the Eighth Circuit U.S. Court of Appeals to overturn a summary judgment ruling in favor of the insurer, arguing that the company’s denial of benefits under the policy’s restoration provision is vexatious (Robert J. Brauer v. Bankers Life & Casualty Company, No. 16-3609, 8th Cir.)....