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Ohio National Life Insurance has suffered a series of legal setbacks as it fights lawsuits and arbitration demands in the wake of last year’s decision to stop paying certain commissions to thousands of brokers selling variable annuities.

A new lawsuit was filed against Ohio National in Texas in July, the company is resisting arbitration demands in Ohio, and its lawyers are asking a Massachusetts judge to reverse a ruling routing a case into FINRA arbitration.

In the company’s home state of Ohio, it suffered a key setback after Magistrate Judge Stephanie Bowman’s issued a recommendation June 28 that found there was sufficient evidence to allow the claims for breach of contract and unjust enrichment to proceed. Ohio National unsuccessfully argued that the plaintiff—a representative for a broker-dealer marketing the annuities—lacked standing as a third party to the selling agreement.

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Greg Land

Greg Land covers topics including verdicts and settlements and insurance-related litigation for the Daily Report in Atlanta.

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