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Penn Mutual Settles Insurance Surplus Fund Suit for $110M

By Suevon Lee · April 25, 2017, 8:46 PM EDT

Pennsylvania Mutual Life Insurance Co. has struck a $110 million settlement with a class of policyholders who alleged the company breached its obligations by improperly withholding surplus funds rather than distributing...

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Documents

Memorandum

Case Information

Case Title

HARSHBARGER et al v. PENNSYLVANIA MUTUAL LIFE INSURANCE COMPANY

Case Number

2:12-cv-06172

Court

Pennsylvania Eastern

Nature of Suit

Contract: Insurance

Date Filed

November 01, 2012

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