Courts Divided Over Rising Insurance Rates

March 15, 2016 by Cyril Tuohy

Another year means another class-action lawsuit filed in response to the rising cost of insurance levied by an insurance carrier — this time involving AXA Equitable Life Ins.

Barring a settlement, the outcome of the case will only add to the pile of litigation that has courts split on the legality of raising the cost of insurance (COI).

“Courts remain divided over the legality of raising the cost of COIs,” wrote Jeffrey W. Bird, a financial advisor with NBW Group in Minneapolis, in the December issue of the For Advisors Only newsletter. Click HERE to view article 

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Originally Posted at InsuranceNewsNet on March 14, 2016 by Cyril Tuohy.