Allianz Life Insurance Company

Allianz Annuity Lawsuit: Insurance Agent Pays $3.4M

Allianz Life Insurance Company of North America has faced annuity fraud lawsuits. Such annuity lawsuits allege that Allianz secretly applies “haircuts” to consumers’ annuity payments and employ unfair penalties for personal gain. A similar lawsuit in California resulted in an insurance agent… Read More »

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Allianz Life Insurance Company

Allianz Settlement Wraps Up Nearly 10 Years of Litigation

Despite objections from some Class Members, a federal judge approved a settlement of two annuities class action lawsuits against Allianz Life Insurance Company of America, to the tune of $251 million. The settlement wraps up two annuity fraud class action lawsuits that began… Read More »

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Allianz Life Insurance

Allianz Facing Annuity Fraud Lawsuits Over Deceptive Practices

Allianz Life Insurance Company of North America (Allianz) has been targeted in a growing number of annuity lawsuits after allegedly applying secret “haircuts” to annuity payments and employing harsh surrender penalties. Allianz developed and sold an annuity product called “two-tier” deferred annuity, which… Read More »

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annuity-fraud-scam

Should You Worry When Your Parents Mention Annuities?

Investment fraud lawyers are currently looking for potential plaintiffs to bring annuity fraud lawsuits against various life insurance and annuity companies. Some of the companies that are currently being investigated for annuity fraud include ING Life & Annuity, OM Financial Life, Fidelity… Read More »

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Annuity Fraud Lawsuit

Former MetLife Broker Charged with Annuity Fraud

An ex-MetLife broker faces federal charges that he committed annuity fraud, stealing thousands of dollars fromt least eight clients. The charges also state that the broker used investor funds for his and his family’s benefit. As a result, the broker has been… Read More »

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Businessman behind bars feeling guilty

Annuity Fraud Investigation Leads to 5-Year Prison Sentence

A financial advisor received a five-year prison sentence last year, after he was convicted on fraud charges linked to his annuity and life insurance business. Background on Annuity Fraud Lawsuit Edward H. Kahler of Washington state was ordered to pay back over $1… Read More »

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Life Insurance Policy

NY, LA Brokers Accused of Annuity Fraud by SEC

Two brokers were accused by the U.S. Securities and Exchange Commission of committing fraud against numerous consumers by using variable annuities that allowed them to invest in insurance contracts that essentially bet on the lives of terminally ill policy holders. An annuity… Read More »

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401k-fee-lawsuit

Supreme Court Ruling on 401k Lawsuit Raises Questions

Legal and financial experts are still reeling from a 401k Supreme Court ruling last month that determined employers have an ongoing responsibility to reevaluate and monitor the investment options provided to their workers. Based on what was said and left unsaid by… Read More »

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