Allianz Life to be hit with US class action?
Allianz has been served with yet another putative class action; it alleges that Allianz generated 'billions of dollars' in its two-tier annuity products, where there are hidden costs and penalties that constitute a "breach of contract".

By Daniel Langhorne (September 16, 2015, 8:51 PM EDT) -- Allianz Life Insurance Co. of North America was slapped Tuesday with a putative class action in California state court by policyholders alleging the company's two-tiered annuity products have hidden costs and penalties that constitute a breach of contract....

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