Prudential Dodges Class Cert. In 'Death Spiral' Insurance Suit

Law360, New York (February 5, 2013, 6:39 PM EST) -- A New Jersey federal judge declined Tuesday to certify a class of current and former Prudential Insurance Co. of America policyholders who allege they were uninformed that their health insurance entered a "death spiral" that drove up premiums, saying there isn't enough commonality for certification.

The plaintiffs sought to certify about 17,000 current and former holders of a comprehensive health insurance policy, or CHIP, whom they alleged were harmed when Prudential stopped accepting new policyholders, but U.S. District Judge Dickinson R. Debevoise said the proposed class...
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