Public Hearing Scheduled as Judge Considers Changes to PHL Variable Moratorium
A judge in Hartford, Connecticut, has announced plans for a public hearing regarding proposed changes to a moratorium affecting PHL Variable Insurance Company. This development comes amid scrutiny and concerns over the company’s financial practices and their implications for policyholders. The moratorium, initially established to protect clients from potential adverse actions by the insurer, is being revisited in light of ongoing discussions about the company’s financial stability. The scheduled hearing aims to provide a platform for stakeholders, including policyholders and advocacy groups, to express their views on the proposed alterations. Legal representatives for PHL Variable … Read more