February 07, 2019
A California federal judge awarded attorneys for a class of Transamerica Life Insurance Co. policyholders nearly $28 million in fees Wednesday as part of an order approving a $111 million settlement of the policyholders' claims that the life insurer breached its agreements with them by drastically increasing their monthly costs.
October 04, 2018
Transamerica Life Insurance Co. has agreed to pay $195 million to settle a consolidated class action accusing the company of breaching its agreements with policyholders by drastically increasing their monthly costs, according to a Thursday filing in California federal court seeking preliminary approval of the deal.
October 31, 2016
A California federal judge on Monday tentatively denied Transamerica Life Insurance Co.'s bid to dismiss a putative class action accusing the company of breaching its agreements with policyholders by drastically increasing their monthly costs, saying a two-decade-old settlement covering similar claims shouldn't bar the suit.