#Coventry First #Lapetus Solutions #life expectancy

Coventry Challenges Lapetus Over Secrecy Claims

In a significant legal development, Coventry First LLC, a leading entity in the life settlement industry, has taken a stand against Lapetus Solutions, Inc. This confrontation arises as Lapetus attempts to prevent the disclosure of critical reports mandated by law, which serve to assess life expectancy.

Coventry asserts that transparency is paramount in maintaining the integrity of the life insurance market. In its response, Coventry highlights the necessity for all parties — including regulators and investors — to have confidence in the accuracy of life expectancy estimates. Alan H. Buerger, the Executive Chairman of Coventry, emphasizes that precise and reliable life expectancy metrics are non-negotiable for the industry.

This legal clash is set against the backdrop of Lapetus's announcement regarding its impending closure, which is scheduled for August 31, 2025. Coventry argues that this closure nullifies any claims Lapetus might assert regarding the protection of business secrets, particularly concerning the life expectancy reports in question. According to Florida law, providers of life expectancy forecasts are obligated to submit a review report to the Office of Insurance Regulation every three years, detailing the accuracy of predictions made over the previous five years. Such reports are not proprietary but are essential for ensuring accurate life assessments.

Coventry's legal response includes a motion for summary judgment aimed at compelling the disclosure of these evaluation reports. The firm points out that Lapetus has consistently cited its alleged