Credit: Paskaran.T/Shutterstock.com Allianz Life Insurance Owes Contractor $65M in Fees From Decades of Services Due to Calculation Error, Lawsuit Alleges
The litigation comes after Allianz proposed cutting ties with contractor LifeCare Assurance Co., according to the complaint, and might provide an example of the types of disputes that can arise in untangling partnerships that span several decades.
February 01, 2022 at 07:08 PM
3 minute read
Contractual Disputes
Allianz Life Insurance Company of North America allegedly owes a contractor more than $65 million in fees as a result of a mistake in the calculation of payments over the last 25 years, according to a lawsuit filed Tuesday.
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