Trust Says Prejudgment Interest Owed On Premium Refunds In STOLI Dispute

Mealey's (September 6, 2022, 4:28 PM EDT) -- NEW CASTLE, Del. — In an Aug. 11 reply brief filed in the Delaware Supreme Court, Wilmington Trust, National Association maintains that the high court should reverse a lower court’s dismissal of its promissory estoppel counterclaim in a stranger oriented life insurance (STOLI) policy dispute and further find that the insurer must pay prejudgment interest on premiums that the insurer was ordered to return....