WilmerHale Partner Charles Platt, a leading commercial litigator who is recognized nationally for his work defending financial services and insurance companies, periodically drafts legal news alerts for clients about the life...more
3/29/2016
/ Annuities ,
Captive Insurance Company ,
Class Action ,
COI Rates ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fiduciary Duty ,
Insurance Industry ,
Investment Company Act of 1940 ,
Life Insurance ,
Proposed Regulation ,
Reinsurance ,
Retirement Plan Providers
The 8th Circuit's recent decision on "excessive fees" under ERISA, titled McCaffree v. Principal Life, is instructive for three reasons: -
First, it adds to the line of circuit court precedents holding that an insurance...more
The class action complaint titled Bell v. Anthem, Inc., et al. (S.D. Indiana) raises a number of novel ERISA allegations that could be a preview of the future, especially if the DOL fiduciary rule is adopted this...more
1/5/2016
/ 401k ,
Anthem Insurance ,
Breach of Duty ,
Class Action ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fiduciary Duty ,
Insurance Industry ,
Retirement Plan ,
Retirement Plan Providers