STORY FROM: Drugs & Medical Devices
Guarantee Trust Life Files Second Amended Complaint Against American Medical in Reinsurance Dispute
January 19, 2016
CHICAGO — Guarantee Trust Life Insurance Co. has filed a second amended complaint against American Medical and Life Insurance Co. in a dispute involving medical reinsurance, arguing that AMLI has breached the parties’ reinsurance treaty by failing to pay its share of claims.
In the Jan. 15 pleading filed in the U.S. District Court for the Northern District of Illinois, GTL further asserts that the treaty requires AMLI to post security, and that its failure to pay the claims was “unreasonable and vexatious.”
This action involves two reinsurance treaties. Under the first treaty, effective Aug. 1, 2008, to July 31, ...
Associated Law Firms
Hinshaw & Culbertson
McKnight, Kitzinger, McCarty & Pravdic
Second Amended Complaing