Life Insurer Did Not Act In Bad Faith In Terminating Life Insurance Policy

Mealey's (June 1, 2020, 11:10 AM EDT) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on May 29 affirmed a district court’s ruling that an insurer did not act in bad faith in terminating a life insurance policy because the owner of the policy failed to update the payer address on the policy after being instructed to do so by the former payer (Stacy Power et al., v. Erie Family Life Insurance Co., No. 19-2994, 3rd Cir., 2020 U.S. App. LEXIS 17083)....