Elderly Annuities Lawsuit
Allianz Life Insurance Co. agrees to $10 million insurance malpractice settlement.
Elderly Annuities
Des Moines, IA: (Feb-11-08) Minnesota's Attorney General Lori Swanson brought a lawsuit against American Equity Investment Life Insurance Co., a life insurer, alleging that the company sold long-term deferred annuities to senior citizens that weren't suitable for their financial needs. Records show that Swanson also sued another life insurer over alleged deceptive sales of annuities to the elderly, marking her fourth such suit since she took office in January 2007.Sources close to the case revealed that the action against American Equity, filed in April 2007, accusing the company of selling high surrender-fee annuities to senior citizens, reached a settlement with Swanson's office, resolving litigation. The deal, approved in Hennepin County District Court, is based on her settlement with Allianz Life Insurance Company of North America, announced in October 2007, and allows up to 2,400 seniors to make claims for refunds totaling $125 million. Additionally, American Equity, a top seller of equity-indexed annuities in the United States, also agreed to pay the state $250,000. [TRADING MARKETS: ELDERLY ANNUITIES]
Legal Help
If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Elderly Annuities Law Suit and Settlement
Zurich Insurance Agrees $455M Settlement in Farmers Class Action Law Suit and Settlement
$5.4 Million Quebec Breast Cancer Wait List Class Action Settlement Approved Law Suit and Settlement
Miami Beach Drownings Result in $5.75 Million Settlement Law Suit and Settlement
Louisiana Citizens Reaches $23 Million Settlement With Homeowners Law Suit and Settlement
Hartford Class Action Settlement of $72.5M Approved Law Suit and Settlement
$189 Million Settlement Reached in Slab Litigation Law Suit and Settlement
Unclaimed $14 Million Settlement Law Suit and Settlement
See more stories from this source.
Class Action Law Suits
Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits
Employee Lawsuits (An Introduction and Topic Overview)
How employers can cope with the siege of employee lawsuits
Medicare
Guide to government health insurance for the elderly
Employee Lawsuits: Negligent Hiring and Retention
Employers must check references, criminal records, other background material.
National Practitioner Data Bank Fact
NPDB identifies unprofessional healthcare practitioners
Can a former employee use photographs of jobs completed whie working for me in marketing material for a new business?
There are several issues here
1. Sub contractor started up a compe...
Is a child fathered out of wedlock by an American diplomat to a foreign women on foreign soil entitled to US Citizenship by jus sanguinis?
This is a very tough situation your friend is in. It is difficult to know the ex...
What role does financial means determine which parent gains custody?
was(am) a single male that gained custody of my daughter when she was three. Thi...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Can my wages still be garnished if I am making payments?
Garnishment of wages vary from state to state. In other words, some states permi...
Summary Judgement for Dismissal of Personal Injury Lawsuits Require Establishment that Defendant didn't Create the Dangerous Condition of have actual or Constructive Notice of its Existence.
After picking up lunch from the deli counter of a local ...
Will Your Auto Insurance Protect You After An Auto Accident?
By law, every Illinois motorist is required to carry a specific am...
Should I Sue? Examining the Complex Question and the Role Apologies Play in Medical Malpractice Lawsuits
WBUR examines the medical apologies issue: On WBUR, a Boston NPR s...
Bill Proposes to Allow Sex Abuse Victims to File Injury Lawsuits in Maryland
In Maryland, Baltimore County legislator Eric M. Bromwell has intr...
Customers voluntarily dismiss Taco Johns from E. coli lawsuits ...
Taco John's has been dismissed from a set of vicarious liability ...
Apply Now!
You'll get lots of targetted traffic to your website and new client leads!
#1 Online Legal Resource
On 08-25 at 15:46PM
Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM
Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM
UES NYC
On 08-18 at 21:25PM
Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM
Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM
AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM
Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM
Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM
Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM
Can a former employee use photographs of jobs completed whie working for me in marketing material for a new business?
There are several issues here
1. Sub contractor started up a compe...
Is a child fathered out of wedlock by an American diplomat to a foreign women on foreign soil entitled to US Citizenship by jus sanguinis?
This is a very tough situation your friend is in. It is difficult to know the ex...
What role does financial means determine which parent gains custody?
was(am) a single male that gained custody of my daughter when she was three. Thi...
My father died and left my mother $200,000 (life insurance) My Mother died 2 years later leaving my sister and I with both about $75,000 each. (including house/vehicles/belongings which I never got). We were supposed to
File a police report. Two police reports, one for you and one for your sister. G...
Can my wages still be garnished if I am making payments?
Garnishment of wages vary from state to state. In other words, some states permi...
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| GoDaddy Hosting
All original material � 1999-2011 by USLaw.com. |