Transamerica Can’t Shake Life Insurance Rates Class Action
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New York is one of the least insured-friendly states in the nation, and as a Newsday article points out, insurance companies have taken advantage of this fact to pay denied life insurance claim transamerica out less in claims comparatively to other states with stronger consumer protections built into their laws.
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Godfrey claims the defendant violated the West Virginia Unfair Trade Practices Act by failing to conduct a proper and prompt investigation of her claim and by failing to acknowledge and act with reasonable promptness upon communications with respect to her claim and by refusing to pay the claim.