A proposed class action alleges that excessive cost-of-insurance charges may have reduced the account values of certain Sun Life universal life policies. A proposed class action alleges that Sun Life Assurance Company of Canada may have deducted excessive cost-of-insurance charges from certain universal life and variable universal life insurance policies. Current and former policyholders may…
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Cigna Healthcare is facing a federal class action lawsuit alleging the company used artificial intelligence algorithms to “deny payments in batches of hundreds or thousands at a time,” as part of an almost completely automated claims decision process. What Happened? A federal lawsuit was recently filed alleging that health insurance giant Cigna uses an artificial…
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State Farm, one of the largest insurance companies in the United States, is facing a class action lawsuit in California over its illegal practice of depreciating sales tax in calculating the actual cash value of benefits for total loss claims. The lawsuit, filed on behalf of State Farm policyholders in California, alleges that the company…
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Lawyers nationwide indicate that an influx of small business owners are planning to file lawsuits over business interruption insurance claim denials, as several insurance companies are attempting to exclude coverage for losses due to the coronavirus outbreak. Many businesses are reporting they have experienced difficulties getting insurance companies to honor policies sold in recent years,…
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