Thursday, March 15, 2007

"11th Circuit ruling in fraud probe a defeat for insurance companies."

And a victory for Roberto Martinez and Curt Miner, the receivers for Mutual Benefits Corp. So reports today's DBR:

"The insurers, including giants like Indianapolis-based American United Life Insurance, said in their lawsuits they should be able to cancel all policies that were sold by policyholders to Mutual Benefits because several of the policyholders lied on their appliactions. They cited four people who had lied about their HIV-positive status."

Judge Moreno said nope and was affirmed by the 11th.

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