Judge Permits Fraud Claim To Continue Against Life Insurer In Cost Dispute

Mealey's (September 28, 2018, 1:46 PM EDT) -- BALTIMORE — A Maryland federal judge on Sept. 25 allowed a fraud claim to proceed in a dispute over a life insurer’s alleged hiding of its financial status under captive reinsurance schemes and the insurer’s cost of insurance (COI) rate increases (Leslie S. Rich v. William Penn Life Insurance Company of New York, No. 17-2026, D. Md., 2018 U.S. Dist. LEXIS 165057)....