Life Insurance

Transamerica Settles Lawsuit Concerning Increases in “Cost of Insurance” Charges

April 7, 2020 · Harvey Rosenfield

Los Angeles, CA – Transamerica Life Insurance Company has agreed to settle a class action lawsuit brought on behalf of policyholders across the United States...

Investors Opt Out of Transamerica Class Settlement

February 9, 2019 · Consumer Watchdog

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...

Aegon Unit Agrees To $195m Settlement Over Universal Life Insurance

October 5, 2018 · Consumer Watchdog

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...

Transamerica Pays $195 Million To Settle Lawsuit Over Universal Life Insurance

October 4, 2018 · Consumer Watchdog

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...

Transamerica Life Settles Lawsuit Concerning Increases in “Cost of Insurance” Charges

October 4, 2018 · Harvey Rosenfield

Los Angeles, CA – Transamerica Life Insurance Company has agreed to settle a class action lawsuit brought on behalf of policyholders across the United States...

Hartford Life Sued For “Bad Faith” Over Pricing Consumers Out Of Their Life Insurance After Becoming Disabled

May 2, 2017 · Jerry Flanagan

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.”

Rising Premiums for Universal Life Insurance Draw Scrutiny

May 20, 2016 · Mark Reback

The policies, the plaintiffs argue, bar the company from recovering “past losses by changing the monthly deduction rates.” A Transamerica spokesman, Gregory Tucker, said in...

Transamerica Sued For Cost Increases On Universal Life Insurance Contracts

March 23, 2016 · 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....

Transamerica Increasing Charges On Life Insurance Policies By 40%, Jeopardizing Coverage After Decades Of Payments, Lawsuit Says Betrayal Of The Baby Boomers

March 22, 2016 · 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...

KGO ABC TV-7 San Francisco, CA – Is TransAmerica Running A Pyramid Scheme On Its Policyholders?

March 21, 2016 · ConsumerWatchdog

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 <a href="http://www.consumerwatchdog.org/case/transamerica-life-illegally-hikes-cost-insurance-charges">http://www.consumerwatchdog.org/case/transamerica-life-illegally-hikes-cost-insurance-charges</a>

Transamerica Life Illegally Hikes “Cost of Insurance” Charges

March 21, 2016 · 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...

Blue Cross To Allow HIV/AIDS Patients to Opt-Out of Mandatory Mail-Order Rx Drug Program

May 23, 2013 · Jerry Flanagan

Santa Monica, CA – Anthem Blue Cross patients with HIV/AIDS may “opt-out” of a program that would have required them to obtain their medications by...