Transamerica Twice

A federal judge <strong><a href="http://www.courthousenews.com/wp-content/uploads/2018/12/TransAmer.1.pdf" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">refused to dismiss</a></strong> a class action accusing Transamerica Life Insurance of improperly increasing monthly deduction rates for universal life policies to recoup losses.

LOS ANGELES - A federal judge refused to dismiss a class action accusing Transamerica Life Insurance of improperly increasing monthly deduction rates for universal life policies to recoup losses.

Separate from that case in Los Angeles, employees claim in a federal class action in Dubuque, Iowa, that Transamerica cost them millions of dollars by automatically investing their retirement funds in the company’s own poorly performing stocks.

Categories / Business, Consumers, Employment

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