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Violation Tracker Individual Record

Company: Transamerica Life Insurance Company
Current Parent Company: Aegon
Penalty: $195,000,000
Year: 2019
Date: February 6, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Transamerica agreed to pay $195 million and change various practices to settle litigation alleging it improperly raised monthly costs for insurance policyholders.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:16cv1378
Case Name: Gordon Feller et al v. Transamerica Life Insurance Company
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: publicly traded
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.