Panel Reverses $2.9M Judgment Against Insurer In Negligence, Elder Abuse Lawsuit

(June 14, 2021, 2:00 PM EDT) -- SACRAMENTO, Calif. — A California appeals panel on June 11 held that the record failed to support the duty of care element of a negligence claim and wrongful use required to support a elder financial abuse claim, reversing a lower court’s $2,920,000 judgment against a life insurer in a lawsuit arising from an annuity sold by an independent agent....