8th Circuit: Insurer Violated Fiduciary Duties By Not Maintaining Effective System

Mealey's (May 9, 2022, 1:42 PM EDT) -- ST. LOUIS — An insurer sued for allegedly mishandling an enrollment for supplemental life insurance and then declaring the applicant ineligible after she died played a fiduciary role and breached its duties of prudence and loyalty “by failing to maintain an effective enrollment system,” an Eighth Circuit U.S. Court of Appeals panel said on May 6, upholding a grant of summary judgment in favor of the decedent’s husband....

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