Tuesday, April 21, 2009
Settlement ends dispute over long-term care insurance
Two insurers and an insurance administrator have agreed to end litigation over the sale of long-term care insurance policies by entering into settlements valued at $15 million.
The settlements affect hundreds of Missourians who bought policies from American Heritage Life Insurance Co. and Wakely and Associates Inc. The policies were co-insured by Mutual of Omaha Insurance Co.
The three companies were sued in 2002 by Macon, Mo., residents Eric and Carol Chalgren, who alleged that the defendants, while setting initial premiums very low, failed to disclose that they planned to enact steep rate increases...
KC Star: Settlement ends dispute over long-term care insurance
The settlements affect hundreds of Missourians who bought policies from American Heritage Life Insurance Co. and Wakely and Associates Inc. The policies were co-insured by Mutual of Omaha Insurance Co.
The three companies were sued in 2002 by Macon, Mo., residents Eric and Carol Chalgren, who alleged that the defendants, while setting initial premiums very low, failed to disclose that they planned to enact steep rate increases...
KC Star: Settlement ends dispute over long-term care insurance
Permalink posted by markw @ 4:56 AM 
 |
 |  |
  |
