Nationwide Insurance fraud case moves forward

January 20, 2017 by Robert Storage

A federal judge has denied a motion by Nationwide Life Insurance Co. to dismiss a family’s lawsuit accusing the insurance giant of fraud and breach of contract related to two $500,000 life insurance policies purchased in the 1990s.

In his six-page ruling on Jan. 9 denying Nationwide’s bid to dismiss, Senior U.S. District Judge Warren W. Eginton wrote the family’s claims that Nationwide increased its fees to boost profits while disregarding factors included in the policy are plausible. Those cost factors include future earnings, mortality, and taxes.

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Originally Posted at LIfeHealthPro on January 19, 2017 by Robert Storage.