|
Search
Search through the thousands of lawsuits, complaints and recalls on our site.
 |
Case ID: 3415 | Insurance | 10/29/2004
The parties have reached a tentative settlement apparently valued at $25 million in several actions filed against UICI, Inc., and its principal insurance subsidiaries MEGA Life and Health Insurance Company and Mid-West National Life Insurance Company of Tennessee on behalf of policyholders insured through groups associated with the companies. Persons eligible to take part in the action should contact the attorneys for the class for more information.
The proposed nationwide settlement class of current and former MEGA and Mid-West insureds and current and former members of the associations will be entitled to relief in the form of free insurance coverage for a period of months under a personal accident policy to be issued by a UICI subsidiary (covering, among other things, accidental death and out-patient and hospital costs incurred as a result of specified accidents) and discounts on association membership fees. This coverage will not amount to a full health benefit plan. In addition to free insurance, MEGA and Mid-West have agreed to include enhanced disclosures in their marketing and sales materials with respect to the contractual relationships between UICI and the insurance companies, on the one hand, and the associations, on the other. MEGA and Mid-West have also agreed to enter into an injunction with respect to certain business practices. This settlement resolves claims made in suits filed in Texas, California, and Mississippi. The defendants continue to be parties to pending "association group" cases in at least three other states. The settlement will not be effective until the court grants it final approval. The court has not yet scheduled a hearing on the matter.
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 Several class actions have been filed against liability insurer American Physicians Capital, Inc. (Nasdaq:ACAP) and certain of its officers and directors by stockholders who purchased the company's common stock between February 13, 2003, and November 6, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. Our senior citizens are one of the greatest assets we have. A class action has been filed against long-term care insurers Penn Treaty American Corporation and Penn Treaty Network America Insurance Company on behalf of all persons that purchased “Personal Freedom” long-term care policies from Penn Treaty within the state of Florida between January 1, 1997, and the present. The action alleges that the companies breached their fiduciary duties and committed fraud in connection with the sale of the policies. A class action lawsuit has been filed in federal court against General Reinsurance Corporation. The case involves violations of federal racketeering and corruption laws. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. A nationwide class action has been filed against Allstate Insurance Company alleging that Allstate's policy of using credit scores as a tool for determining automotive and homeowner insurance policy premiums is discriminatory and violates the civil rights of minority policyholders.
WellPoint Inc., the nation's biggest publicly traded health insurer, said July 11, 2005 it will pay up to $198 million to settle two class-action lawsuits brought by representatives of more than 700,000 doctors over alleged unfair payment practices. Hurricane Katrina and Hurricane Rita changed the face of America forever. Thousands of people lost everything they own, including their jobs, while others lost their lives. Hundreds of thousands of residents will never return to New Orleans and the surrounding areas. While mother nature caused the Hurricane, there are other parties responsible who caused untold financial, property and emotional damage. |
IT'S FREE
|
© 2000 - 2008 Copyright. All rights reserved nola3, llc.
