STORY FROM: Reinsurance & Arbitration
Life Insurance Case Stayed Pending Reinsurer’s Efforts to Intervene
January 22, 2019
DENVER — A Colorado federal judge has stayed a breach of contract action filed against a life insurer pending a reinsurer’s appeal of the court’s denial of its motion to intervene in the case.
In a Jan. 9 order, Judge William Martinez of the U.S. District Court for the District of Colorado said a stay is warranted because the issue of the reinsurer’s intervention impacts the litigation as a whole.
Robert Barnes sued Security Life of Denver Insurance Co. (SLD) for breach of contract and conversion, accusing the insurer of failing to comply with the terms of a universal life ...
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