Policyholder Asks To Intervene, Contest Benefits Cap In Insurer Rehabilitation

( April 23, 2025, 11:52 AM EDT) -- WATERBURY, Conn. — A corporate policyholder holding $18 million in death benefits from a life insurer in rehabilitation moved to intervene in a Connecticut state court action, seeking involvement in future proceedings and participation in discovery, arguing that a moratorium order capping payout at $300,000 per insured policy imposes a disproportionate financial burden and violates priority rules under state insurance law....

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