Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Fuzzy Panda insurance-fraud allegations
Short seller Fuzzy Panda Research alleged that Globe Life had engaged in numerous instances of insurance fraud. Globe Life rejected the allegations and conducted a review. The claims were followed by substantial market volatility.
2024
Dispute over office closures and workforce changes
Fuzzy Panda later claimed that Globe Life had closed offices, presenting the changes as evidence of a shrinking workforce. Globe Life disputed that interpretation and said it was transitioning toward a virtual business model after the COVID-19 pandemic.
2001
Waddell & Reed litigation
A mutual-fund company filed a civil racketeering lawsuit accusing Torchmark and a former chief executive of seeking to maintain control over Waddell & Reed Financial after its 1998 spin-off. Later federal court orders granted summary judgment to Torchmark and the other defendants.