If you believe that some of these duties have either been ignored or simply done in bad faith, you may have legal options available to you. Minnesota Life Insurance Company v. Allen et al Federal Civil Lawsuit Illinois Central District Court, Case No. In 2007, Allianz Life Insurance Company of North America said it had settled a lawsuit filed on behalf of 60,000 investors who alleged the company misled them about certain annuities, according to an article in the Minneapolis-St. Paul Star Tribune (October 3, 2007). Sign in to add some. Minnesota Life) to ascertain the problem. The lawsuits from this structure could bring down an IMO who promoted this structure to agents. I notified the Georgia Insurance Commissioner of my plight, and they contacted the insurance company (ie. 3:19-cv-03026. Minnesota Life is sued in a lawsuit over a $275 thousand life benefit paid to lawyer fraudulently claiming to represent policy beneficiary. Whether you’re currently considering suing your insurance company or not, it’s always best to be prepared and keep detailed records. Primary Sidebar ... Massachusetts Shares in $39.5 Million Multistate Settlement Agreement Over Insurance Company Data Breach Last Updated November 7, 2019 at 12:23 PM EST (1.1 years ago) Request Update Get E-Mail Alerts : Minnesota insurance companies must fulfill a number of important duties and obligations to their policyholders including the duty to investigate, the duty to indemnify, the duty to defend, and much more. Minnesota Life is too big to bring down over this, but the damages from these lawsuits will be significant if liability is proved. A federal court in Minnesota found in favor of a former surgeon who had filed a lawsuit against National Life Insurance Company (“National Life”) for total disability benefits. Minnesota Life Insurance Company is alleging in a federal lawsuit that Rafia Sultana Farook, mother of San Bernardino mass shooter Syed Rizwan Farook, knew … Minnesota Department of Commerce 85 7th Place East, Suite 280 Saint Paul, MN 55101 (Local) 651-539-1500 (Complaints) 651-539-1600 Defendant: Life Insurance Company of North America Cause Of Action: E.R.I.S.A. Why do advisors hang out with me? Court: Eighth Circuit › Minnesota › US District Court for the District of Minnesota No tags have been applied so far. Remember, I wrote the book Bad Advisors: How to Identify Them; How to Avoid Them. Some ideas to keep in mind include: Document any correspondence with the insurance company and its representatives. Filing 5 ANSWER to Complaint by Minnesota Life Insurance Company. Minnesota Life Insurance Company responded to me and other family members with an Interpleader Complaint, adding names to the Interpleader that were not originally on the the beneficiary sheet. 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