Investor Dismisses Bank From Case Over Depletion Of Life Insurers’ Assets

Mealey's (October 26, 2018, 1:21 PM EDT) -- KANSAS CITY, Kan. — In a Kansas federal court lawsuit alleging that life insurers and a financial services firm depleted the life insurers’ surplus assets by reinsuring their risks with one another rather than using “arm’s-length reinsurance treaties,” a total value annuity investor voluntarily dismissed a bank without prejudice on Oct. 24 (Albert Ogles v. Security Benefit Life Insurance Co., et al., No. 18-02265, D. Kan.)....