Conseco Life Insurance Settles Allegations of Bad Faith

Conseco Life Insurance Company has agreed to an $11 million settlement with 37 states over allegations of bad faith insurance practices – specifically involving its Lifetrend life insurance policies. The settlement came after a multistate insurance investigation based on consumer complaints over increased policy costs. Bad faith insurance lawyers say that these types of practices are why Conseco was voted one of the top ten worst insurance companies in America.

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