Transamerica Gets Preliminary Sign-Off on Settlement of Overcharge Claims
By Ross Todd, LAW.COM
May 5, 2020
https://www.law.com/therecorder/2020/05/05/transamerica-gets-preliminary-sign-off-on-settlement-of-overcharge-claims/
A federal judge in Los Angeles has given preliminary approval to a deal that Transamerica Life Insurance Co. reached with certain policyholders who claim the company improperly increased monthly charges withdrawn from their...
Transamerica Settles Class-Action Suit Worth Up to $88 Million in Credits
By Timothy Darragh, BEST WIRE
April 8, 2020
Transamerica Life Insurance Co. has agreed to settle a class-action lawsuit filed by policyholders who alleged it improperly increased monthly charges on their universal life insurance policies.
According to the settlement agreement in...
Transamerica Settles Lawsuit Concerning Increases in “Cost of Insurance” Charges
Los Angeles, CA – Transamerica Life Insurance Company has agreed to settle a class action lawsuit brought on behalf of policyholders across the United States alleging that Transamerica improperly increased themonthly charges that the company withdrew from the...
Investors Opt Out of Transamerica Class Settlement
By Donna Horowitz, THE DEAL PIPELINE
February 9, 2019
A federal judge has given final approval to a Transamerica Life Insurance Co. class-action settlement for $110.7 million, slashing a proposed $195 million payout after eight large life settlement investment groups...
Aegon Unit Agrees To $195m Settlement Over Universal Life Insurance
Aegon Unit Agrees To $195m Settlement Over Universal Life Insurance
By Staff Writers, VERDICT UK
October 5, 2018
https://www.verdict.co.uk/life-insurance-international/news/aegon-settlement-universal-life-insurance/
Transamerica, the US unit of Dutch insurer Aegon, has agreed to pay $195m to resolve charges of raising monthly deduction rates on certain...
Transamerica Pays $195 Million To Settle Lawsuit Over Universal Life Insurance
Transamerica Pays $195 Million To Settle Lawsuit Over Universal Life Insurance
Suit alleged the insurer improperly increased monthly costs to avoid guaranteed monthly interest payments
By Ryan W. Neal, INVESTMENT NEWS
October 4, 2018
https://www.investmentnews.com/article/20181004/FREE/181009958/transamerica-pays-195-million-to-settle-lawsuit-over-universal-life
Transamerica Life Insurance Co. will pay $195 million...
Transamerica Life Settles Lawsuit Concerning Increases in “Cost of Insurance” Charges
Los Angeles, CA – Transamerica Life Insurance Company has agreed to settle a class action lawsuit brought on behalf of policyholders across the United States alleging that Transamerica improperly increased the monthly charges that the company withdrew from...
Hartford Life Sued For “Bad Faith” Over Pricing Consumers Out Of Their Life Insurance After Becoming Disabled
California consumers are being priced out of their life insurance policies once they become disabled resulting in the loss of valuable coverage, according to a class-action lawsuit accusing Hartford Life and Accident Insurance Company of “bad faith.”
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