Insured Settled Claims Over Financial Conflict Of Interest In Denial Of ERISA Benefits

Mealey's (December 13, 2019, 2:16 PM EST) -- BOSTON — A federal judge in Massachusetts said Dec. 12 that an insured settled his allegations that two insurers who are parties to an administration agreement and a reinsurance agreement engaged in a financial conflict of interest with regard to the denial of his long-term disability benefits under the Employee Retirement Income Security Act (Gary D. Powers v. Northwestern Mutual Life Insurance Co., et al., No. 19-11335, D. Mass.)....