STORY FROM: Reinsurance & Arbitration
Reinsurer Sues Symetra Life in Mich. Federal Court for $3.7 Million in Damages
May 29, 2020
GRAND RAPIDS, Mich. — A reinsurer has sued an insurer in Michigan federal court for $3,707,961 in damages, accusing it of improperly agreeing to settle underlying claims filed by a health care provider against two insured employee benefit plans.
In a May 15 complaint filed in the U.S. District Court for the Western District of Michigan, Alliance Health & Life Insurance Co. (AHL) also seeks a ruling that it has no obligation to Symetra Life Insurance Co. under the reinsurance agreement.
AHL entered into a Self-Funded Excess Medical Specific and Aggregate Reinsurance Agreement with Symetra on Jan. 1, 2015. ...
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