Judge Dismisses In Part Claims In Deceptive Acts Suit Against Banks, Insurers

Mealey's (April 3, 2018, 2:30 PM EDT) -- HONOLULU — In a lawsuit against banks and insurers alleging unfair or deceptive acts or practices by placing “unnecessary” insurance, with “unreasonable and inflated premiums” that included “improper compensation through illegal kickback or captive reinsurance arrangements,” a Hawaii federal judge on March 30 addressed motions to dismiss federal and state claims (Julia Wieck v. CIT Group Inc., et al., No. 16-00596, D. Hawaii, 2018 U.S. Dist. LEXIS 55257)....