Case Over Life Insurer’s Alleged Reinsurance Schemes Stayed Pending Mediation

Mealey's (November 9, 2018, 1:19 PM EST) -- BALTIMORE — A Maryland federal judge on Nov. 6 stayed a dispute over a life insurer’s alleged hiding of its financial status under captive reinsurance schemes and the insurer’s cost of insurance (COI) rate increases pending the parties’ mediation efforts (Leslie S. Rich v. William Penn Life Insurance Company of New York, No. 17-2026, D. Md.)....