9th Circ. Affirms CNA Settlement Over Long-Term Care

Law360, New York (January 13, 2010, 6:31 PM EST) -- A federal appellate court has rejected a bid to overturn a settlement agreement that CNA Financial Corp. and two other insurers inked with a nationwide class of long-term care policyholders claiming they were misled about premium hikes.

The U.S. Court of Appeals for the Ninth Circuit affirmed the lower court's approval of the settlement on Tuesday, saying that the deal was fair in part because the insurers — which also included Continental Casualty Co. and Valley Forge Life Insurance Co. — had a strong defense against...
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