Panel: Breach Of Contract, Bad Faith Claims Barred By Statute Of Limitations
Mealey's (August 12, 2015, 9:17 AM EDT) -- PHILADELPHIA — A federal district court did not err in dismissing an insured’s breach of contract and insurance bad faith claims because his claims were barred by their respective statutes of limitations, a Third Circuit U.S. Court of Appeals panel ruled Aug. 10 (Ralph Leporace v. New York Life and Annuity, et al., No. 14-3821, 3rd Cir.; 2015 U.S. App. LEXIS 13970).
(Opinion available. Document #07-150831-002Z.)
Ralph Leporace purchased an individual disability insurance policy from New York Life and Annuity in 1995 and applied for and...