Insurance company violated the terms of its life insurance policies, according to recent lawsuit
FOR IMMEDIATE RELEASE
June 18, 2019 (KANSAS CITY, MO) – A class action lawsuit has been filed against Kansas City Life Insurance Company alleging that Kansas City Life systematically overcharged policy owners for the cost of insurance and expense charges draining the cash values from their permanent life insurance. The unauthorized charges are comprised of hidden expenses – or “loads” – buried within the contractual policy charges that ultimately drain the policy’s cash value. Simply put: Money that should go to the policy owner’s savings is going instead to the insurance company. According to the lawsuit, the policies may become unaffordable, leaving policy owners without life insurance when it is needed the most.
These policies can be referred to in several ways:
- Premium adjusted death benefit
- Variable universal
- Whole life
- Variable whole life
- Flexible premium
Improper overcharges and rate increases are a widespread problem in the life insurance industry, and they cost a typical policy owner significant money each month and year.
Stueve Siegel Hanson LLP and Miller Schirger, LLC, the law firms that filed the action, recently obtained a federal judgment against another life insurance company for more than $34 million, relating to similar policy overcharges. Collectively, the two firms have recovered more than $2 billion in cash relief and death benefits for life insurance policy owners nationwide. To learn more, visit www.lifeinsuranceproblems.com or call 888.816.2108.
Miller Schirger attorneys Steve Miller and Toby Hausner obtained an $883,465 award on behalf of Berkel & Company Contractors, Inc. against Phillips Hardy, Inc., following a one-week arbitration hearing.
Berkel, a specialty deep foundations, shoring, and ground improvement subcontractor, installed sheeting and shoring on two highway projects for Phillips Hardy, a regional general contractor. Phillips Hardy refused to pay Berkel in full, claiming Berkel delayed the projects.
The arbitrator rejected Phillips Hardy’s claims and awarded Berkel its full contract balances, its additional delay damages, plus attorney fees, costs, and interest.
“We are thrilled to have obtained such a complete victory for our client, who was finally made whole,” said Miller.
Greg Righter, Berkel’s President, was ecstatic. “We are obviously very pleased with the outcome. We attribute such a convincing award to Miller Schirger’s extraordinary preparation and attention to detail.”
“The business realities of the construction industry often make it difficult for subcontractors to take a stand against hard-nosed, stronghanded tactics intended to force subcontractors to walk away from amounts they are entitled to,” Hausner added. “In this case, our client’s courage and perseverance were rewarded.”