Court Should Abate Bad Faith Claim Against Life Insurer, Co-Trustees Say

Mealey's (March 24, 2020, 9:39 AM EDT) -- MIAMI — Rather than dismiss a bad faith claim, co-trustees in a March 5 opposition ask a Florida federal court to abate that claim until a breach of contract claim is resolved in their lawsuit over a cost increase allegedly tied to captive reinsurance transactions that benefited an insurer’s corporate parent (Michael Foster, et al. v. Transamerica Life Insurance Co., No. 19-24969, S.D. Fla.)....