11th Circuit Values Life Insurance Class Claims At Over $75M, Reverses Remand

Mealey's (December 3, 2019, 4:21 PM EST) -- ATLANTA — A class complaint accusing a life insurance provider of unlawful price increases over more than a decade includes an injunctive demand valued at more than $75 million as the face value of the policies being challenged are the amount in controversy, an 11th Circuit U.S. Court of Appeals panel ruled Nov. 22 in an interlocutory appeal, reversing a trial court’s remand order (Vanessa Anderson, et al. v. Wilco Life Insurance Company, No. 19-14127, 11th Cir., 2019 U.S. App. LEXIS 34952)....