Parties Dismiss Life Insurance Premium, Reinsurance Dispute Following Settlement

(April 14, 2021, 3:27 PM EDT) -- CEDAR RAPIDS, Iowa — Following a settlement in a suit filed in Iowa federal court by a trustee for an irrevocable trust who claimed 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, the parties on April 9 filed a stipulation dismissing the suit with prejudice and with each side bearing their own costs....