There have been several class action lawsuits filed against Genworth Financial, Inc. (Genworth), a long-term care insurance provider. These lawsuits allege that Genworth engaged in various unfair and deceptive practices, including:
- Improperly increasing premiums
- Failing to adequately disclose the risks of its policies
- Denying claims unfairly
These lawsuits have resulted in significant settlements for policyholders. For example, in 2021, Genworth agreed to pay $137.5 million to settle a class action lawsuit alleging that it had improperly increased premiums for its long-term care insurance policies.
Here are some of the specific class action lawsuits that have been filed against Genworth:
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Skochin v. Genworth (2021): This lawsuit alleges that Genworth intentionally withheld material information from long-term care insurance policyholders with respect to Genworth’s rate increase plans and its reliance on policyholders paying increased rates to pay future claims.
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Haney v. Genworth (2022): This lawsuit alleges that Genworth should have included certain additional information in letters sent to Genworth Choice 2, Choice 2.1, California CADE, California Reprice, and California Unbundled policyholders about premium rate increases.
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Halcom v. Genworth Life Insurance (2021): This lawsuit alleges that Genworth should have included certain additional information in letters sent to Genworth PCS I and PCS II Policyholders about premium rate increases.
These are just a few of the class action lawsuits that have been filed against Genworth. If you are a Genworth long-term care insurance policyholder, you may be eligible to join one of these lawsuits. You should speak to an attorney to discuss your legal options.
