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Rand v. American National Insurance Company
Case Number:
3:09-cv-00639
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 08, 2011
American National To Pay $9M To End Class Action
A California federal judge on Wednesday preliminarily approved a settlement of more than $9 million between American National Insurance Co. and a class of seniors who alleged the insurer charged them hidden costs on annuities.
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September 30, 2010
Insurer's Surcharge Warnings Insufficient, Judge Says
American National Insurance Co. failed to properly disclose cancellation surcharges in deferred annuities it sold to a class of seniors in California but met certain other state requirements, a judge has ruled.