Class: Life Insurer, Private Investment Firm Unlawfully Raised Prices In Policies

(February 16, 2018, 1:25 PM EST) -- NEW YORK — A life insurer and a private investment firm, which acquired the insurer, unlawfully increased the cost of premiums to recoup costs associated with the acquisition, among other reasons, plaintiffs allege in a Feb. 13 class action filed in a New York federal court (Derek Fan, et al. v. Phoenix Life Insurance Co., et al., No. 18-01288, S.D. N.Y.)....