Insurers To Pay Up To $5.4M To End Cancer Coverage Suit

Law360, New York (April 9, 2012, 1:36 PM EDT) -- An Oklahoma federal judge on Friday approved a settlement worth up to $5.4 million in a putative class action accusing Philadelphia American Life Insurance Co. and Occidental Life Insurance Co. of North Carolina of underpaying cancer patients for covered radiation and chemotherapy benefits.

U.S. District Judge David L. Russell signed off on the settlement in which class members can receive a one-time payment of up to $1,200 each for a past or future claim under their cancer policies with the insurers or surrender their policies for...
To view the full article, register now.




Case Information

Case Title

Stangl et al v. Occidental Life Insurance Company of North Carolina et al

Case Number



Oklahoma Western

Nature of Suit



David L. Russell

Date Filed

October 22, 2009

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.