Category: Annuities Fraud

ATTORNEY NEWSLETTER Genworth Life Insurance Company, Genworth Life and Annuity Insurance Company, and Genworth Life Insurance Company of New York agree to a multi-state settlement regarding life insurance and annuity practices.  This was a multi-state examination that included Florida, California, Delaware, Illinois, Iowa, New Hampshire, North Dakota, Pennsylvania, and Virginia.  […]

Deferred Annuity Lawsuits On February 12, 2009, a proposed California class-action lawsuit was filed in the United States District Court against Texas-based insurer American National Insurance Company (ANICO). The suit alleged that ANICO engaged in illegal, unfair and deceptive business practices in the course of marketing and selling its deferred […]

ATTORNEY NEWSLETTER In a 2007 lawsuit filed by an attorney general, Midland National Life Insurance Company was accused of selling deferred annuities to senior citizens.  It is alleged that Midland National Life Insurance Company sold deferred annuities to senior citizens 62 years and older, with terms that kept their money […]

ATTORNEY NEWSLETTER A class action lawsuit was filed against Massachusetts Mutual Life Insurance Company in 2004 alleging that the company engaged in deceptive sales practices with respect to the sale of deferred annuities.  Massachusetts Mutual Life Insurance Company denied all claims in the complaint.  Massachusetts Mutual Life Insurance Company contended […]

ATTORNEY NEWSLETTER Pacific Life Insurance Company was the target of a class action lawsuit related to sales of deferred annuities.  The 2005 lawsuit alleged that Pacific Life Insurance Company and its salespeople committed securities fraud because they failed to disclose that tax deferral advantages of its annuities products might be […]

ATTORNEY NEWSLETTER Two individuals filed a class action lawsuit against EquiTrust Life Insurance Company alleging that the company engaged in fraudulent business and marketing practices with respect to the sale of deferred annuities.  The Complaint alleges that EquiTrust Life Insurance Company sold a deferred annuity that matured after the buyers […]

Elder financial abuse is a growing epidemic in the state and around the country, annuity fraud lawyers in California report. Unfortunately, many older people have no one to protect their well being, both physically and financially, and are often susceptible to outside parties who want to embezzle money, take over […]

The United States Supreme Court has granted a petition to review a decision made by the Court of Appeals for the First Circuit. In Lawson v. FMR LLC, the decision in question, the Court of Appeals had previously declared that the whistleblower protection outlined in the Sarbanes-Oxley Act did not […]

American Equity Sells Deferred Annuities to Seniors A financial elder abuse lawsuit was brought against American Equity: an investment and annuities company. The complaint alleged that American Equity unethically and fraudulently sold inappropriate deferred annuity policies to seniors. The lawsuit additionally alleges that American Equity marketed and solicited these seniors […]