Aegon N.V. (AGN.AE) said Thursday that its U.S. accessory Transamerica will pay $195 actor to achieve action over adopting the bulk of accepted life-insurance policies.
The Dutch allowance and asset-management aggregation said the adjustment relates to lawsuits over Transamerica’s access in costs on about 70,000 allowance behavior in 2015 and 2016.
The adjustment will administer to all policyholders hit by the bulk increases, although individuals can accept to opt out. The adjustment includes budgetary awards and aegis adjoin new increases for bristles years. Transamerica will additionally blot fee and authoritative costs.
Aegon said the hit to its basic position and pretax accumulation is accepted to be in the ambit of the adjustment amount.
Write to Adam Clark at email@example.com; @AdamDowJones
(END) Dow Jones Newswires
October 04, 2018 03:08 ET (07:08 GMT)
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