If you’ve been paying attention to the news about refunds, you’ve probably heard about the pending lawsuits against Travelex Insurance Services Inc. and Transamerica Casualty Insurance Co., but did you know that there are also other cases involving the same company? These cases include the Haas v. Travelex lawsuit, and the Haas v. Travelex insurance company. These lawsuits are all about the same thing: Travelex has taken advantage of its customers and their money. It is a shame that they are retaining this money and using it for fiat currency that has no value, and this has to change. There’s only one solution, and that’s to hold them accountable for their unprofessional and unethical practices.
Transamerica Casualty Insurance Co.
Transamerica Casualty Insurance Co. has a financial strength rating of A long-term issuer credit rating of aa-, according to the latest A.M. Best ratings. Transamerica Casualty, a property and casualty insurance company that is part of Aegon, was one of the top performers in the travel insurance market last year. However, its sales are expected to decline in 2018 as the parent company exits the Direct TV and Affinity distribution channels.
In 1979, Transamerica Insurance earned $51.6 million on $701.6 million in net premiums written. However, the property and casualty insurance industry suffered six years of underwriting and rate-cutting. The company reported an after-tax loss of $58.8 million in 1984, and it’s parent company Transamerica Corporation invested a new $100 million in its subsidiary. This year, Transamerica Insurance surpassed its previous record of profits, but it was still underperforming.
For life insurance, Transamerica has five different policies. You can purchase term life, universal life, variable life, and whole life insurance. However, this company does not offer any of these options in New York. Ask an insurance agent about which type of policy will suit your needs best. There are more than 15,000 licensed insurance agents working for the company in California. In addition to life insurance, Transamerica also offers investment products and mutual funds.
Travelex Insurance Services Inc.
Travelex Insurance Services Inc. was founded in 1996 and is headquartered in Omaha, NE. The company provides travel insurance plans that cover a wide variety of unexpected situations, including medical emergencies, delayed baggage, and more. Its mission is to help people experience the freedom of travel while making it safe and comfortable. For more information, visit travelex.com. This website includes information about Travelex and its policies. You can also learn about Travelex Insurance Services Inc.’s mission and history.
In 2009, the company filed a lawsuit against Transamerica Casualty Insurance Co. and Travelex Insurance Services Inc. over the alleged failure to refund part of the premiums for insurance coverage. The lawsuit was successful and was eventually settled for $3.2 million. It is currently expanding operations to Asia and Europe. It also serves customers in New Zealand. It has an office in Omaha, Nebraska, and is headquartered in the city.
As part of the settlement agreement, Travelex Insurance Services Inc. will pay $3,237,500 to Settlement Class Members. The money will be used to cover attorneys’ fees, Class Representative service payments, and other administrative costs. With court approval, the Settlement fund may be distributed to a charitable organization. Alternatively, it can be used to pay policyholders who have lost their money due to a medical emergency. You can find out more about this settlement by contacting Travelex Insurance Services Inc.
