As Justice Hugo Black said in 1944, “Perhaps no modern commercial enterprise directly affects so many persons in all walks of life as does the insurance business.” Even so, the evolving threat of class action lawsuits brings heightened concerns for the life insurance industry. And as shown by the prevalence of life insurance class actions over the past years, class actions against life insurers come in all shapes and sizes.
In “Class Action Roundup,” Carlton Fields Life, Annuity, and Retirement Solutions attorneys discuss two recent class actions that illustrate some of the issues life insurers are currently facing, including conflict-of-laws concerns for multistate conduct, deceptive trade practices statutes, fraudulent joinder of an insurance agent, and federal court jurisdiction under the Class Action Fairness Act.