Reinsurer, Plan Administrator Stipulate To Dismissal Of ERISA, Reinsurance Dispute

Mealey's (June 2, 2021, 10:17 AM EDT) -- STATESVILLE, N.C. — A reinsurer and a third-party health insurance administrator on May 25 filed a stipulation of dismissal in North Carolina federal court following a settlement, agreeing to dismiss with prejudice all claims in the dispute over whether the third-party health insurance administrator breached its fiduciary duties under the Employee Retirement Income Security Act by failing to process and pay a health plan participant’s expenses when the expenses could not be claimed under a reinsurance policy....