Settlement Reached In Class Suit Involving Indemnity Reinsurance Deal, Parties Say

(October 26, 2021, 12:03 PM EDT) -- NEW YORK — Following the parties’ Oct. 22 announcement of a settlement in a life insurance policyholder’s class action challenge to a cost of insurance (COI) increase that came years after an indemnity reinsurance agreement, a New York federal judge on Oct. 25 granted their request for 45 days to prepare a final settlement agreement and move for preliminary approval....

Related Sections