Jury Awards $5.6M In Fight Over Increased Insurance Rates

Law360, New York (September 14, 2017, 7:14 PM EDT) -- A California federal jury found Wednesday that TransAmerica Life Insurance Co. breached the terms governing 2,400 life insurance policies for Los Angeles residents by changing key cost rates, and awarded $5.6 million in damages.

The two insurance pools totaling 2,400 policies, and co-owned by DCD Partners LLC, insure church congregants in Los Angeles. The plaintiffs said that TransAmerica had made repeated promises not to change the deduction and expense rates above certain maximums, but then did, causing a $2.5 million total premium hike in 2015 and a projected $100 million premium hike over the life of the policies.

A jury agreed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!