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Prudential Financial to pay $100 million in US FTC settlement

Summary by WTVB
(Reuters) -The U.S. Federal Trade Commission reached a $100 million settlement with Prudential Financial to resolve claims a former unit misled consumers into buying healthcare plans that did not provide the coverage it promised. A settlement with Assurance IQ, which Prudential decided to shut down last year, was filed on Wednesday in Seattle federal court. Assurance did not admit or deny wrongdoing. The FTC accused Assurance of targeting consum…

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WTVB broke the news in on Wednesday, August 6, 2025.
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