Insurer Seeks Dismissal Of Co-Trustees’ Bad Faith Claim In Cost Of Increase Dispute

Mealey's (February 25, 2020, 1:41 PM EST) -- MIAMI — A life insurer in a Feb. 20 motion asks a Florida federal court to dismiss a statutory bad faith claim in a co-trustees’ lawsuit alleging that a cost increase in a trust’s two universal life insurance policies was tied to captive reinsurance transactions that benefited the insurer’s corporate parent (Michael Foster, et al. v. Transamerica Life Insurance Co., No. 19-24969, S.D. Fla.)....