June 23, 2020
An Illinois federal judge gave final approval on Tuesday to a class action settlement and a $2.2 million attorney fee award for a group of Accordia Life and Annuity Co. customers who claimed their life insurance policies unlawfully lapsed during a system transition.
November 19, 2019
California regulators aim to block a proposed class action settlement between Accordia Life and Annuity Co. and customers whose life insurance policies lapsed during a system transition, arguing the deal is vague and could undercut the state's ongoing probe of the insurer.
June 07, 2019
An Illinois federal judge gave an early approval Friday to a settlement, including $2.2 million in attorneys' fees, that ends litigation over claims that Accordia Life and Annuity Co. unlawfully canceled the no-lapse guarantees in several customers' life insurance policies.
March 22, 2019
Accordia Life and Annuity Co. unlawfully cancelled the no-lapse guarantees in several customers' life insurance policies when it and its insurance administrator purposefully stopped automatically debiting policy premiums from the insureds' accounts, according to an amended lawsuit filed Friday.