Search for: "Prudential Life Insurance Company"
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26 Jun 2012, 5:31 am
On Dec. 15, 2000, one of the insurance companies which the Plan had contracted with to provide benefits, Prudential Financial Inc., announced to its policyholders that it would be undergoing a demutualization, and as part of that demutualization, the Plan received 217,222 shares of Prudential stock with a value of $27.50 per share. [read post]
20 Jun 2012, 10:02 pm
Glenn, 554 U.S. 105 (2008) (Thursday); June 20, 2002 – Rush Prudential HMO, Inc. v. [read post]
11 Jun 2012, 6:41 am
While it remains to be seen how this case will play out in the District Court, a victory for the plaintiffs would send a message to insurance companies that the courts will heavily scrutinize insurance transactions and will not allow insurers to profit off of illusory deals. [read post]
18 May 2012, 11:01 am
Believe it or not, insurance companies often find reasons to deny life insurance claims! [read post]
17 May 2012, 1:43 pm
Earlier this year, Commissioner Jones reached a similar settlement agreement with Prudential Life Insurance Company. [read post]
15 May 2012, 7:59 am
If you bought a variable life insurance policy from any of these companies (or others) and are wondering whether there may be trouble ahead, we can review your policy and answer those questions at no charge: Hartford; American General; AXA Equitable; Lincoln Financial; MassMutual; John Hancock; Northwestern Mutual; ING; Metropolitan Life (MetLife); New York Life (NYLIAC); Prudential; Sun Life; AIG; Protective Life; Nationwide;… [read post]
6 May 2012, 7:41 am
If you bought a variable life insurance policy from any of these companies (or others) and are wondering whether there may be trouble ahead, we can review your policy and answer those questions at no charge: Hartford; American General; AXA Equitable; Lincoln Financial; MassMutual; John Hancock; Northwestern Mutual; ING; Metropolitan Life (MetLife); New York Life (NYLIAC); Prudential; Sun Life; AIG; Protective Life; Nationwide;… [read post]
27 Apr 2012, 1:02 pm
This builds on a previous multi-state settlement with the US’s second biggest life insurer, Prudential, a few months ago (see blog post on that settlement here. [read post]
24 Apr 2012, 3:51 am
A coalition of state insurance regulators charged that the insurance company Met Life failed promptly to pay death benefits when its insureds died. [read post]
19 Apr 2012, 7:34 pm
The company, Total Asset Recovery Services, Inc., a Michigan "asset recovery" company, appears to have found a valuable niche in state False Claims Act matters: it has brought qui tam suits under the Illinois and Minnesota False Claims Acts against MetLife, Inc. and Prudential Life Insurance Co. for allegedly failing to turn over unclaimed life insurance funds. [read post]
10 Apr 2012, 4:56 pm
Recently, the StarTribune reported on a whistleblower qui tam lawsuit alleging that two life insurance companies knowingly failed to pay benefits on the life insurance policies of almost 600 Minnesota policyholders. [read post]
26 Mar 2012, 12:49 pm
A recently unsealed whistleblower complaint alleges that life insurance companies MetLife Inc. and Prudential Inc. violated the Minnesota False Claims Act by holding onto unclaimed benefits which the companies were required to turn over to the state’s unclaimed property unit. [read post]
24 Mar 2012, 6:11 am
Disability Blog & Cases: Microsoft Employee Sues Prudential For Wrongful Denial Of Long-Term Disability Benefits A Washington lawyer just filed a federal lawsuit against The Prudential Insurance Company of America (Prudential). [read post]
20 Mar 2012, 5:09 am
Prudential Insurance Company of America and Anheuser-Busch Companies, Inc. [read post]
17 Mar 2012, 5:11 am
Disability Blog & Cases: Asurion Employee Files Lawsuit Against Life Insurance Company Of North America For Wrongful Termination Of Long-Term Disability Benefits A lawyer from Colorado just filed a federal lawsuit in Federal Court of Colorado against the Life Insurance Company of North America (LINA). [read post]
14 Mar 2012, 4:01 am
An Illinois disability lawyer filed a federal lawsuit in Federal court against Liberty Life Assurance Company of Boston (Liberty) and Allstate Cafeteria Plan (Allstate). [read post]
27 Feb 2012, 12:25 pm
Dave Jones, commissioner of the California Department of Insurance, said in announcing the Prudential settlement, that the Death Master inquiry “exposed life insurance companies’ failure to pay benefits even though they had knowledge of policyholder deaths. [read post]
22 Feb 2012, 8:00 am
Prudential Insurance Company of America, No. 11-1372 (1st Cir. 2012), the plan administrator, Prudential Life Insurance Company of America ("Prudential"), did not reserve to itself discretion as to the interpretation and administration of its policy (the "Group Policy"). [read post]
16 Feb 2012, 9:48 am
According to Evola's report, 12 life insurance companies comprised the U.S. structured settlement market in 2011 compared with 22 companies in 2002. [read post]
8 Feb 2012, 3:57 pm
The California Department of Insurance has just announced that it has negotiated a $17 million multi-state Regulatory Settlement Agreement with Prudential Insurance Company of America. [read post]
