Premium increases, some topping 200 percent, are drivingpolicyholders to sue insurers.
The Wall Street Journal reports that people being hit with theincreases on decades-old life insurance policies ofanywhere from midsingle-digit percentages to more than 200 percent,are fighting back against the move by insurers to raise extramoney.
According to the shareholder suits, against such companies asAegon NV’s Transamerica and Legal & General Group plc's BannerLife, companies are pulling out all the stops on legal languagethat allows them to raise premiums — despite the increased profitsthey’ve reaped on policies thanks to longer lifespans.
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