PPG Industries Wins Class Action on Retiree Life Insurance Termination

PPG Industries Inc. won a legal case against a class of 500 former employees who claimed their retiree life insurance coverage was wrongfully terminated as part of a 2013 corporate transaction. The U.S. District Court for the Northern District of West Virginia determined that the retirees did not establish a vested right to continued life insurance benefits. The court found no explicit language in insurance booklets or plan documents guaranteeing vested benefits, resulting in a ruling favoring PPG Industries.