Premium Increases
Prudential Long-Term Care Insurance Rate Increases ERISA Class Action
The defendants in this class action include the Prudential Insurance Company of America, which issued group long-term care insurance plans, and the sponsors of the plans, including Tufts University, in certain states. The problem? According to the complaint, the participants in the plans were told that their premiums could only be raised with the approval Read more
CalPERS Long Term Care Policies Settlement
The California Public Employees’ Retirement System (CalPERS) is settling a class action about a steep price rise in its long-term care (LTC) insurance policies. The complaint alleged that CalPERS breached its contract with persons who had LTC policies with inflation-protection benefits when it raised its premiums by 85%. The increase was announced in 2013 and Read more
MetLife Insurance Premiums 700% Increases Class Action
“People buy life insurance for comfort and peace of mind.” The complaint for this class action begins its Allegations of Fact with this line. At issue is a policy with Metropolitan Life Insurance Company (MetLife), for which MetLife has increased premiums over 700% in recent years. The complaint alleges that the increases are imposed on Read more
Genworth Long-Term Care Insurance Omissions on Rate Increases Class Action
Long-term care (LTC) insurance is expensive. When choosing which plan to buy, consumers must choose a policy that will be affordable over many years, until the time it is needed. This class action centers on price rises for LTC policies from Genworth Life Insurance Company and Genworth Life Insurance Company of New York. It does Read more
Continental Casualty Long-Term Care Premium Increases Class Action
Long-term care insurance is costly. Because people usually pay for it for years, or even decades, before they obtain any benefit from it, price increases are a concern. The complaint for this class action alleges that Continental Casualty Company has not kept its promises on “inflation protection” and the limitation of premium increases. Read more
Healthy Paws Pet Insurance Premium Increases Class Action
A number of class actions have been filed in recent years protesting allegedly excessive increases in insurance premiums. This class action has the same theme, although the defendant is Healthy Paws Pet Insurance, LLC and the insurance in question is pet health insurance. Policies are issued and administered by Healthy Paws but underwritten by various Read more
