Gov't: Prudential illegally denied life insurance claims
Prudential Financial illegally denied more than 200 life insurance claims despite collecting premiums from plan participants, the Department of Labor said Wednesday, the latest case where a life insurer was found to be denying claims even though the customer had been paying into the plan for years. The settlement between Prudential and the U.S. government deals with what is known as “evidence of insurability,” a common practice in underwriting life insurance contracts where the insured is required... Читать дальше...