
NASCAR driver Kyle Busch sues insurance company for $8.5 million, alleging deceptive practices
NASCAR Cup Series drive Kyle Busch and his wife Samantha are suing Pacific Life Insurance Company for $8.5 million over alleged deceptive practices. The lawsuit says the insurance company failed to reveal the true risks of the policies, along with providing false and negligent representations of what was supposed to be tax-free income for retirement. An independent firm told Busch that his policy would expire in 16 months and the $10.4 million he invested would be gone. The lawsuit also names the agent who sold the policy for steering them into an unsustainable, high-risk product, along with charging an up-front 35% commission they were unaware of.