Security Benefit petition for judicial review of index annuity lawsuit denied

October 24, 2023 by John Hilton

A federal appeals court last week denied Security Benefit’s request for a full court review of a lawsuit claiming the insurer misrepresented how much investors stood to gain on certain fixed annuities

The Court of Appeals for the Tenth Circuit rejected Security Benefit’s request for an en banc review. An en banc review is heard by all of the judges of a particular court and is generally reserved for complex or important issues.

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Originally Posted at InsuranceNewsNet on October 23, 2023 by John Hilton.