7th Circuit Stays Appeal Of No Bad Faith Ruling Over Insurer’s Delegation To Reinsurer

Mealey's (March 8, 2018, 11:31 AM EST) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on Feb. 27 stayed an employer’s trust’s appeal of a ruling that an insurer did not act in bad faith when it delegated to a reinsurer its responsibility to the trust because a contract placed no limits on the insurer’s ability to do so and contained no requirements for disclosure of any assignments (Midco International, Inc. Employees Profit Sharing Trust v. Metropolitan Life Insurance Co., No. 17-2570, 7th Cir.)....

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