Judge Finds Fact Issue On Use Of Reinsurance Costs For Costs Of Insurance Increase

Mealey's (September 26, 2017, 11:56 AM EDT) -- PHILADELPHIA — A Pennsylvania federal judge ruled Sept. 22 that it is not implausible that a provision allowing a life insurer to consider that future “expenses” for a cost of insurance (COI) calculus would not include reinsurance costs (EFG Bank AG, Cayman Branch, et al. v. Lincoln National Life Insurance Co., No. 17-02592, E.D. Pa., 2017 U.S. Dist. LEXIS 154985)....