Best's News


Best’s News & Research Service subscription required - February 25, 2026 03:34 PM (EST)

Pacific Life Reaches $58.3 Million Settlement in IUL Illustration Lawsuit

Pacific Life Insurance Co. agreed to pay $58.3 million to settle a lawsuit claiming it provided policyholders with misleading marketing materials and illustrations to sell indexed universal life . . .

-- This content requires a subscription --

Already a Subscriber?

Log in  Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

  • BestDay
  • Best's News
  • Best's Review
  • Best's Research
  • Best's Special Reports & Commentaries
  • Best's Rankings
  • and more...

Subscribe

Receive emails featuring AM Best's news and research
Opt-in

Settlements (Litigation) Life And Annuity Insurance Litigation Universal Life Insurance Life And Annuity Insurers


Latest News

BEST'S NEWS
Best's News: 2025 P/C Snapshot – Strongest Performance in a Decade Showcases Resilience
Jul 17, 2026 04:32 PM (EDT)
PEOPLE IN INSURANCE
Mutual of Enumclaw Appoints Former Liberty Mutual Executive as CFO
Jul 17, 2026 04:15 PM (EDT)
LITIGATION
FTC Secures $152.54 Million Verdict Over Agencies’ Deceptive Health Insurance Telemarketing
Jul 17, 2026 03:50 PM (EDT)
DUAE (DELEGATED UNDERWRITING AUTHORITY ENTERPRISES)
Amwins Program Underwriters Grows With Launch of Self-Storage Program
Jul 17, 2026 03:35 PM (EDT)
BEST'S CREDIT RATING ACTION
AM Best Maintains Under Review With Developing Implications Status for Credit Ratings of Pillar Life Insurance Company
Jul 17, 2026 03:27 PM (EDT)

More from Best’s News


Trending

1
LIFE AND ANNUITY INSURERS
TruStage Shuts Down Network Amid Cybersecurity Incident
Jul 16, 2026 10:52 AM (EDT)
2
CYBER LIABILITY
Aon: Artificial Intelligence Accelerates Cyberrisk Exposure
Jul 16, 2026 03:39 PM (EDT)
3
SPECIAL REPORT
Best’s Market Segment Report: AM Best Maintains Stable Outlook on Global Cyber Insurance Segment
Jul 15, 2026 08:38 AM (EDT)
4
MANAGING GENERAL AGENT
MGA Dual Launches Transactional Risk Coverage Amid Client Demand
Jul 15, 2026 02:48 PM (EDT)
5
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
NAIC Moving to Update Annuity Illustration Model Law
Jul 15, 2026 02:40 PM (EDT)
1
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates
Apr 16, 2026 12:04 PM (EDT)
2
FINES AND PENALTIES
California DOI Warns Tesla Insurance Could Be Suspended Unless Claims Handling Is Addressed
Oct 06, 2025 04:17 PM (EDT)
3
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
Update: NAIC Discloses Data Breach in Software System
Jun 23, 2026 04:18 PM (EDT)
4
LIFE AND ANNUITY INSURERS
TruStage Shuts Down Network Amid Cybersecurity Incident
Jul 16, 2026 10:52 AM (EDT)
5
WAR RISK INSURANCE
Beazley to Launch $1 Billion Marine War Risk Consortium for Hormuz Strait Shipping
Apr 17, 2026 12:15 PM (EDT)

    

1
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
Update: NAIC Discloses Data Breach in Software System
Jun 23, 2026 04:18 PM (EDT)
2
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates
Apr 16, 2026 12:04 PM (EDT)
3
STRATEGY
Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
Nov 19, 2025 11:03 AM (EST)
4
FINES AND PENALTIES
California DOI Warns Tesla Insurance Could Be Suspended Unless Claims Handling Is Addressed
Oct 06, 2025 04:17 PM (EDT)