Breach Of Contract, Bad Faith Claims Against Life Insurer Survive Dismissal

Mealey's (July 13, 2018, 12:42 PM EDT) -- CEDAR RAPIDS, Iowa — A life insurer’s motion to dismiss claims for breach of contract, bad faith and declaratory judgment was denied by an Iowa federal judge on July 11 in a purported class action accusing the insurer of improperly transferring reserve funds through reinsurance transactions (Karen McMahon, et al. v. Transamerica Life Insurance Co., No. 17-149, N.D. Iowa, 2018 U.S. Dist. LEXIS 115260)....