Access To Justice

The Wall Street Journal (subscription required) reports that a dispute over a $15 million life-insurance policy taken out on an Indianapolis woman who drowned in her bathtub took a new twist after her family alleged in a suit filed against American International Group (AIG) that the insurer ran a “scheme” to let investors buy big policies on older people as speculative bets, a practice known as “stranger-originated” insurance. The Journal reports the lawsuit is among hundreds pending nationwide following the collapse in the market for life-insurance policies purchased by investors.

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