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News Story
5/20/2016
Posted by Mark Reback
SOME consumers who bought universal life insurance policies decades ago are now facing premium increases in the double-digit percentages to maintain the policies. The policyholders have limited options, since finding affordable replacement policies would probably be difficult now that they are much older. The increases are drawing the attention...
Video
4/26/2016
Posted by Mark Reback
Harvey Rosenfield of Consumer Watchdog says some life insurance companies are not notifying beneficiaries when theyhave been designated as recipients of benefits of life insurance policies, and the companies have been pocketing the money.
News Story
4/25/2016
Posted by Mark Reback
LOS ANGELES (CBSLA.com) — Thousands of Californians are owed millions of dollars in life insurance benefits and may not even know it. Now, the state Controller’s Office is trying to hand $307 million to its proper owners. State officials said beneficiaries did not know they were named in the policies, and insurance...
News Story
3/23/2016
Posted by Mark Reback
Insurance companies have the same problem everyone else does -- poor return on their investments. With their investment portfolios lagging, insurers are jacking up premiums, a tactic that is not going down well with consumers. In the latest skirmish, a federal lawsuit filed in Los Angeles says that consumers who bought life insurance from...
News Story
3/23/2016
Posted by Mark Reback
Transamerica along with other insurers have upped costs on in-force policies as they've had to contend with persistently low interest rates Transamerica Life Insurance Co. has been sued for raising the cost of insurance on some universal life insurance contracts, an action plaintiffs allege constitutes a breach of obligations under the...
News Release
3/22/2016
Posted by Harvey Rosenfield
Santa Monica, CA -- Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies, according to a lawsuit filed in federal court in Los Angeles by consumer advocates on behalf of Transamerica policyholders...
Courtroom Case
3/21/2016
Posted by Harvey Rosenfield
Feller et al v. Transamerica Life Insurance Company, United States District Court, Central District of California (Case 2:16-cv-01378) Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies...
Video
3/21/2016
Posted by Consumer Watchdog Admin
Consumer Watchdog has filed a lawsuit against TransAmerica for unreasonably raising life insurance premiums on policyholders.  Consumers who depend on these policies were sold a phony bag of goods, but in this case it was supposed to protect their lives and families. For more information on this case, go to http://www.consumerwatchdog....
News Story
4/9/2015
Posted by Mark Reback
Would you be willing to hand over your health information to a life insurance company, in exchange for financial rewards? Activity trackers have become increasingly popular over the past few years, tracking everything from how many steps you walk, to your location throughout the day. Now, John Hancock, a U.S.-based insurer, hopes that fit and...