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Violation Tracker Individual Record

Company: Mutual of Omaha
Current Parent Company: Mutual of Omaha
Penalty: $1,900,000
Year: 2012
Date: April 5, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Mutual of Omaha agreed to pay nearly $2 million to settle litigation alleging it secretly invested the death benefits of beneficiaries in violation of federal law.
Level of Government: federal
Action Type: private litigation
Court: District of Rhode Island
Civil or Criminal Case: civil
Case ID: 1:10-cv-00467
Case Name: Baptista v. Mutual of Omaha Insurance Company et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: mutual
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.