Metlife Escapes Class Action Over Life Insurance Overcharges

Law360, Los Angeles (December 10, 2013, 9:09 PM EST) -- A Florida federal judge on Tuesday granted Metropolitan Tower Life Insurance Co.’s motion to dismiss a putative class action brought by a policyholder who said the company overcharged customers on their life insurance policies, holding that the plaintiff’s suit is precluded by an earlier settlement.

In 2011, named plaintiff Philip D. Lucas filed suit, alleging Metlife breached its contracts with customers by unfairly adding monthly costs to life insurance policies based on factors including agent commissions, taxes and expected policy lapse rates, none of which are...
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