Court Won't Revive Investors' Insurance Fraud Suit

Law360, New York (September 18, 2009, 7:46 PM EDT) -- The U.S. Court of Appeals for the Eighth Circuit has affirmed the dismissal of a putative class action alleging Life Investors Insurance Co. of America purposely and misleadingly underpriced its long-term-care insurance policies with the intention of raising premiums later.

The Eighth Circuit on Friday affirmed the U.S. District Court for the Northern District of Iowa's ruling denying the plaintiffs' motion for a continuance and granting summary judgment in favor of life investors on their claims of fraud and tortious breach of the implied covenant of...
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