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
Litigation editor
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.
Attorneys from Foley & Lardner represent LifeCare Assurance Co., a life insurance administration services provider based in Woodland Hills, California, in the contract dispute between the companies that have worked together for the last 31 years.
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