|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 2911 | Insurance | 01/14/2005
Ten related class actions have been filed against Southwestern Life Insurance Company on behalf of all U.S. purchasers of Southwestern Life policies that included child rider coverage. The actions allege that Southwestern Life breached its contracts with class members, committed fraud, and was negligent in its representations about the child riders that it sold. The actions seek unspecified compensatory damages.
A rider is an addition to a life insurance policy that provides extra coverage sold to persons who have already purchased an insurance policy from the insurance company. Riders can be sold either at the time of or after the sale of the main policy. Once the insured person buys a rider, an extra premium is often added to the original policy premium. One particular rider is sold to policyholders as a way to insure the lives of their children. This is commonly known as a "child rider," and pays an additional amount in case the child dies. Southwestern Life, like many insurance companies, sells child rider products as an additional benefit added to a base whole life policy that provides insurance coverage for the children of the insured. The actions allege that Southwestern Life sets up plans that lead policyholders to pay on their children for years after they are grown and no longer eligible for coverage, leaving them in a situation where they have no chance for a payout if the children die. Though a policyholder has the option to terminate a rider at any time, Southwestern Life allegedly makes no attempt to notify policyholders that they are no longer eligible to get a payout because their children outgrow the age limits of the policies. The actions filed thus far have been consolidated into multidistrict litigation docket 3:03-md-1528. The individual actions are: Duke v. Southwestern Life (4:03cv6, Northern District Court of Mississippi); Riley v. Johnson (2:03cv18, Northern District Court of Mississippi); Sanitsky v. Southwestern Life (2:02cv3202, Central District Court of California); Smith v. Southwestern Life (3:03cv436, Southern District Court of Mississippi); Rowe v. Southwestern Life, (1:03cv304, Middle District Court of Alabama); Currie v. Southwestern Life (1:03cv303, Middle District Court of Alabama); Rowe v. Southwestern Life, (1:03cv345, Middle District Court of Alabama); Currie v. Southwestern Life (1:03cv343, Middle District Court of Alabama); Currie v. Southwestern Life (1:03cv344, Middle District Court of Alabama); and Rowe v. Southwestern Life, (1:03cv346, Middle District Court of Alabama). At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Insurance Cases of Interest It's bad enough to think that your insurance adjuster's bonuses may be based on his or her ability to get you to accept less than your claim is worth--worse to think that a machine may actually be calling the shots. The class has been certified in an action filed against Allstate Insurance Company on behalf of New Mexicans who allege that the company misuses a computer program named Colossus to settle their bodily injury claims for sums lower than those offered by any other insurance company, effectively cheating them in violation of New Mexico consumer protection and insurance law.
The Armenian Genocide of 1915 was the first mass killing in the 20th Century—between 1.5 and 2 million people were killed. A class action has been filed against German insurance company Victoria Versicherung AG and three related companies on behalf of descendants of victims massacred in the Armenian Genocide of 1915, who allege that the company failed to pay life insurance policy proceeds to them. A class action has been filed against Pacific Life Insurance Company by persons in the United States who, through their ownership of a Pacific Life annuity or insurance product, held units of any Pacific Life sub-account invested in mutual funds which included foreign securities. The actions claim that the defendants violated federal securities laws by utilizing market timing strategies to increase company profits to the detriment of annuity holders. A class action lawsuit has been filed in the Southern District Court of Indiana against Beazer Homes Investment Corporation, Inc. Hanover Insurance Company seeks a declaration that the it is not obligated or required to defend and indemnify Beazer Homes as an insurer because of Beazer's alleged fraudulent activity. Judgment has been entered against United HealthCare Services, Inc. and its insurer-sibling HealthCare Insurance Company on behalf of participants in pharmacy benefit plans governed by the federal Employee Retirement Income Security Act and administered by United. The action asks United to provide reimbursement for drug overcharges that occurred when the plan administrator failed to pass on its negotiated prices to participants. Monetary damages will not be distributed until all proceedings have been finalized and all possible appeals have been exhausted. Doctors have reached a deal to settle their class-action lawsuit claiming New Jersey's largest health maintenance organization shortchanged thousands of physicians. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
