Insurance news from California insurer involves massive policy payments

Funeral insurance makes insurance news headlines

A Texas funeral policy company must pay out $25 million to its customers. A recent settlement in California has made insurance news as it has caused an insurer based in Texas to have to issue payments of $25 million in funeral policies to its customers. Officials in California have just reached this agreement with Forethought Group Inc. Forethought Group is a financial planning company and insurer that has been selling end-of-life and retirement planning. It underwent an audit in 2008, which identified an issue with the processes of the company,…

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