October 16, 2013
National Western Life Insurance Co. on Tuesday agreed to a $21 million settlement that resolves a Racketeer Influenced and Corrupt Organizations Act class action alleging it fraudulently marketed costly and poorly performing deferred annuities to the elderly.
February 13, 2012
A California federal judge on Friday rejected National Western Life Insurance Co.'s bid for summary judgment in a class action alleging the insurer had fraudulently marketed deferred annuities to the elderly, preserving the plaintiffs' federal Racketeer Influenced and Corrupt Organizations Act and state law claims.
March 11, 2011
A federal magistrate judge in California ruled Thursday that National Western Life Insurance Co. may obtain recordings of phone calls from potential class members to the class administrator in a lawsuit alleging the insurer fraudulently marketed deferred annuities to the elderly.