Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Sunday, May 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

2,589% Rate Hike Is Fraud, Policyholder Says

BIRMINGHAM, ALA. (CN) - Protective Life Insurance Co. defrauded a policyholder and breached contract by offering her teaser rates for cancer insurance at $29 a month, and increasing them to $751 per month, Shelby Looney claims in Jefferson County Court. She claims the insurer concealed from her and others with health problems that it would isolate them in a closed group so that their premiums "would escalate over time causing the covering to become oppressively expensive" in a "death spiral."

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.