Allianz To Pay $251M To Settle Annuities Racketeering Rows

By Michael Lipkin (November 10, 2014, 4:35 PM EST) -- Allianz Life Insurance Co. of North America has reached a $251 million settlement to end two racketeering class actions alleging it lured 230,000 seniors into buying poorly performing deferred annuities with harsh surrender policies, according to a filing in California federal court....

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