Insurer Must Face Class Action Over Slyly Reduced Benefits

Law360, New York (December 20, 2011, 2:57 PM EST) -- A South Carolina federal judge refused on Monday to toss a proposed class action claiming that CUNA Mutual Insurance Society and others replaced credit insurance plans with insurance that provided far fewer benefits without adequately informing plan holders.

Plan holder Mary Mungo brought the lawsuit on behalf of South Carolinians who bought a credit insurance plan from CUNA through a South Carolina credit union from January 2001 to the present, whose coverage was canceled and exchanged for a plan offering reduced benefits without affirmative authorization....
To view the full article, register now.