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Health Care & Hospital Law

Oct. 22, 2010

L.A. Claims Insurers Sold Junk Plans

The Los Angeles City Attorney's Office filed a suit Tuesday that targets "junk insurance" companies as well their high-profile Wall Street investors for defrauding customers in California.

By Emma Gallegos

Daily Journal Staff Writer

The Los Angeles City Attorney's Office filed a suit Tuesday that targets "junk insurance" companies as well their high-profile Wall Street investors for defrauding customers in California.

The complaint, filed in Los Angeles Superior Court, alleges Mega Life and Health Insurance Company and Mid-West National Life Insurance Company - with the backing of Goldman Sachs and ...

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