Allianz Life Insurance Girds For Annuity Battle On Its Home Turf

To some industry insiders, a lawsuit filed last week against Allianz Life Insurance Company of North America is political opportunism; to others, it's a regulatory coup.

Lori Swanson, a Democrat sworn in as Minnesota's attorney general Jan. 2, sued the insurer in Hennepin County district court for allegedly violating state laws by selling "unsuitable" annuities to people over age 70.

Allianz Life Insurance Girds For Annuity Battle On Its Home Turf
Source: Investment News (subscription required)
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