Judge Grants Transfer In Breach Of Contract Dispute Over Insolvent Annuity Insurer

(June 15, 2023, 9:25 AM EDT) -- PHILADELPHIA — A Pennsylvania federal judge granted an auto insurer’s motion to transfer a breach of contract suit filed against it by an annuitant after her structured settlement annuity payments related to injuries sustained in an auto accident were reduced when the annuity insurer was placed into liquidation, finding that Pennsylvania courts lack jurisdiction because the annuitant’s car accident in New Jersey and the resulting settlement issued by a New Jersey court “do not relate to any insurance policy issued” by the auto insurer in Pennsylvania....