There have been several new class actions filed recently challenging “shadow insurance” transactions between life insurance companies and their “captive reinsurers.” Three of those class actions are in federal court in New...more
1/25/2016
/ Annuities ,
AXA Equitable Life ,
Captive Insurance Company ,
Class Action ,
Insurance Industry ,
Life Insurance ,
MetLife ,
Misrepresentation ,
NAIC ,
Reinsurance ,
RICO
The August 2015 decision from the 9th Circuit, titled Eller v. Equitrust Life Ins. Co, provides helpful precedent for the defense of annuity sales practice cases.
Plaintiff Eller brought a RICO class action alleging,...more