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Thursday, June 20, 2024

Prudential Life Insurance Accounts ‘Unlawful,’ American Legion Tells Court


The American Legion, the largest U.S. veterans’ service organization, told a judge that Prudential Financial Inc.’s practice of collecting interest on unpaid veterans’ life-insurance benefits is “unlawful and dishonest.”

The American Legion, which has 2.5 million members in almost 14,000 posts worldwide, today asked permission to file a legal brief supporting a pending case in Springfield, Massachusetts, against Prudential Insurance Co. of America, a unit of Newark, New Jersey-based Prudential Financial.

From The Huffington Post