Reinsurer Files $3.7M Suit Over Insurer’s Alleged Improper Settlements

(May 18, 2020, 1:13 PM EDT) -- GRAND RAPIDS, Mich. — There is no reinsurance coverage for an insurer’s alleged improper payments of claims under two employee benefit plans, a reinsurer says in a May 15 complaint filed in a Michigan federal court, seeking damages in excess of $3,707,961 (Alliance Health & Life Insurance Company v. Symetra Life Insurance Company, No. 20-431, W.D. Mich.)....

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