Illinois Judge Finds Causation, Reliance Lacking In Annuity Disclosure Case

Illinois Judge Finds Causation, Reliance Lacking In Annuity Disclosure Case

CHICAGO - An elderly widow has not shown that representations in an allegedly untimely disclosure form factored into her purchase of an annuity or decision to keep the policy past the 30-day free cancellation period, a federal judge in Illinois held March 26 in dismissing a California unfair competition law (UCL) claim (Estella Rowe, et al. v. Bankers Life and Casualty Co. and Bankers Life Insurance Co. of Illinois, No. 09-491, N.D. Ill.; 2013 U.S. Dist. LEXIS 42168).

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