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Overcharges to Insurance Companies/Insured People

Magnifying Glass on Words "Life Insurance"

This class action concerns Wilco Life Insurance Company policies that come with a guaranteed interest rate. The complaint claims that the company has unlawfully increased its “cost of insurance” charges to customers to cover the interest.

Mariner Star Logo

This settlement resolves a class action against Mariner Finance, LLC. The complaint alleged that Mariner charged customers refinancing charges but did not include those with the simply interest rate in the promissory notes, possibly because the interest rates might then higher than allowed by Maryland laws.

State Farm Logo

Do you live in California and have a State Farm whole life insurance policy? Is it a flexible-premium, adjustable-rate policy bought in 1994 or later? If so, you may be paying too much for it, based on an incorrectly-figured cost of insurance.

State Farm Logo

The complaint for this class action claims that State Farm Life Insurance Company has improperly figured adjustable charges for customers. The complaint says it set forth specific and limited factors in its policies that it may use in figuring these charges, yet it has considered other factors as well that have resulted in excessive charges.

Protective Life Insurance Company Logo

At issue in this class action are the cost of insurance (COI) rates charged by Protective Life Insurance Company for universal life insurance policies. The complaint claims that the COI rates should be based on mortality expectations and, since these have gone down, that the COI rates should have gone down as well.

Oxford Logo

The complaint for this class action claims that Oxford Health Insurance, Inc. (OHI) arranged with pharmacies to overcharge patients for prescription drugs and return the overcharges as “clawbacks” to Oxford, in violations of the terms of their health insurance plans. According to the complaint, the insurer’s actions violate the Employee Retirement Income Security Act (ERISA) and the Racketeering Influenced and Corrupt Organizations Act (RICO).

Met Life Logo

Like a majority of Americans these days, Dale Miller is not a smoker. According to the complaint for this class action, he was never a smoker while he held his life insurance policies, including during their look-back periods—yet he was charged smoker’s rates for life insurance for years. Miller found out he was being charged as a smoker, the complaint alleges, only in 2016 when he went to reduce his GVUL policy coverage and found, when looking at the price comparisons for coverage, that he should have been paying drastically-lower premiums than he had been paying. Met Life has refused to refund the difference in the premiums, even though the complaint estimates that he overpaid by nearly 20% over sixteen years, a substantial amount.

Pecentage of Home Value

Plaintiff Drew Karlberg claims that when Santander granted him a mortgage, he was required to pay private mortgage insurance for a period of time, with the amount gradually reducing until the insurance was no longer necessary. However, he alleges, Santander did not reduce the rate according to the schedule, continues to overcharge, and has not refunded the overpayments. The complaint alleges, among other things, that Santander has violated Pennsylvania unfair trade practices and consumer protection laws and breached its contract with Karlsberg.

Lender-Placed Insurance

LPI (lender-placed insurance) is placed on a property by a lender when a borrower’s insurance policy lapses or when the borrower does not maintain an acceptable homeowner insurance policy. When PHH Mortgage placed an LPI policy on a property, it paid the premiums to the insurer and then charged the borrower for the premiums.

Rite Aid

The complaint for this class action alleges that Rite Aid’s prescription savings plan for cash customer establishes new and lower “usual and customary” prices for certain generic drugs, and that that price must also be charged to insurance companies and customers paying through insurance plans.