MetLife Overcharges For Life Insurance Policies: Suit

Law360, Chicago (August 25, 2011, 1:46 PM EDT) -- A policyholder slapped Metropolitan Tower Life Insurance Co. with a putative class action Tuesday in Florida alleging that the company has breached its contracts with customers by overcharging them on their life insurance policies.

Plaintiff Philip D. Lucas claims that the insurer has unfairly added monthly costs to life insurance policies based on factors including agent commissions, taxes and expected policy lapse rates, none of which are authorized by the policies.

MetLife's breach of contract has subjected Lucas and other policyholders to "overcharges that reduced policy...
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