AP – The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Read More Dead soldiers parents sue insurer over benefits
AP
Posted in Blog | Tagged ap, benefits, dead, insurer, over, parents, soldiers, sue
Reuters – New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.
Read More Cuomo widens insurer probe with 6 more subpoenas
Reuters
Posted in Blog | Tagged 6, cuomo, insurer, more, probe, reuters, subpoenas, widens, With
AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.
Read More Consumer group sues insurer over policy changes
AP
Posted in Blog | Tagged ap, changes, consumer, group, insurer, over, policy, sues
AP – Conseco Inc., the parent of Banker’s Life and Casualty and Colonial Penn Life Insurance, on Friday posted a fourth-quarter profit, reversing last year’s loss, as sales rose 18 percent and the company lost less on investments than during the market downturn. Read More Insurer Conseco posts 4Q profit, reversing a loss
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Posted in Blog | Tagged 4q, a, ap, conseco, insurer, loss, posts, profit, reversing
AP – Woodmen of the World wants U.S. Bank to pay nearly $30 million for investing some of the insurer’s assets in risky mortgage-backed securities that plummeted in value instead of the conservative investments the bank promised. Read More Insurer Woodmen files 30M lawsuit against US Bank
AP
Posted in Blog | Tagged 30m, against, ap, bank, files, insurer, lawsuit, us, woodmen
