Suit Alleging ‘Interest Taking’ Scheme Against Insurers Is Untimely, Panel Affirms

Mealey's (August 8, 2019, 2:19 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Aug. 7 affirmed a lower federal court’s ruling that an insured’s class action complaint alleging that life insurers participated in an “interesting taking” scheme in the 1990s is time-barred (Debe Olson v. Farmers New World Life Insurance Co., et al., No. 18- 20521, 5th Cir., 2019 U.S. App. LEXIS 23571)....