Life Insurer Did Not Breach Contract, Act In Bad Faith, Panel Majority Says

(April 25, 2024, 3:43 PM EDT) -- NEW ORLEANS —  A life insurer did not breach its contract or act in bad faith by discontinuing automatic payment withdrawals for a life insurance premium after the premium increased because the insured did not provide consent for the automatic withdrawals to continue after the premium increased as required by the contract, the majority of the Fifth Circuit U.S. Court of Appeals said April 24 in affirming a district court’s ruling....