Parties Settle Suit Alleging Reinsurance Transactions Caused Policy Increases

Mealey's (March 15, 2021, 2:38 PM EDT) -- CEDAR RAPIDS, Iowa — An Iowa federal judge on March 12 entered an order of settlement in a suit filed by a trustee for an irrevocable trust who claims that a life insurer substantially increased its costs on universal life insurance policies and imposed monthly deduction rate increases to recover prior losses from reinsurance transactions after the parties notified the court that they reached a settlement....

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