Prudential Insurance Co. has been hit with a class action over unauthorized sales of its life insurance policies to Wells Fargo account holders. The latest case, along with a whistleblower suit filed last week by three former Prudential fraud investigators, landed the company into the middle of the fracas over Wells Fargo’s sales practices.
A class action suit filed Monday in a Newark, New Jersey, federal court accuses Prudential of selling life insurance policies to Wells Fargo Bank customers without consent or by deceiving those customers about the nature of the policies.
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