Globe Life Inc (NYSE:GL) shares are trading lower by 2.5% to $81.44 during Thursday’s session after The Bear Cave newsletter issued a report on the company.
Globe Life, which sells life, burial and supplemental health insurance, is accused by The Bear Cave of issuing unwanted policies, losing track of active policies and improperly delaying or denying payouts. Benzinga has reached out to Globe Life for comment.
The Bear Cave alleges the investigation, based on consumer complaints obtained through public records requests, reveals a broader scope of issues beyond previous reports focused on Globe Life's subsidiary, ...