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Fleisher et al v. Phoenix Life Insurance Company
Case Number:
1:11-cv-08405
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Carlton Fields
- Dorsey & Whitney
- Faegre Drinker
- Lowenstein Sandler
- McDowell Hetherington
- Susman Godfrey
Companies
Sectors & Industries:
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June 01, 2015
Insurer Settles Rate-Hike Class Action For $42.5M
Phoenix Life Insurance Co. has agreed to pay $42.5 million and freeze its "cost of insurance" rates for five years to resolve allegations that the company unfairly raised rates on premium-adjustable universal life insurance policies, according to documents filed Friday in New York federal court.
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May 02, 2014
Phoenix Life Faces Trial In Class Action Over Rate Hikes
A New York federal judge on Tuesday ordered a trial in a class action accusing Phoenix Life Insurance Co. of breaching its policies by improperly hiking "cost of insurance" rates on policyholders, and potentially set a precedent limiting how insurers in the state can raise such rates in the future.