Another Life Insurer Gets Appeal Win Over Makeup of Class Action

A federal appeals court for the second time decertified a class seeking to challenge the lapse of life insurance policies due to unpaid premiums where an insurer—in this case, a Kuvare Holdings LP unit—failed to comply with notification requirements.

Relying on a previous decision in a similar case involving an Allianz SE unit, the US Court of Appeals for the Ninth Circuit on Friday ruled that the lower court had incorrectly granted class certification.

Deana Farley sued Lincoln Benefit Life Co. in the US District Court for the Eastern District of California alleging the insurer had terminated a policy purchased ...