Migliaccio & Rathod LLP is investigating whether Corebridge Financial or AIG related annuity products were marketed with sustainability, ESG, climate-aligned, or environmentally responsible messaging that may not match the insurer’s general-account investment practices.
Reported Issues
Consumers report concerns about:
- Purchasing annuities based on sustainability or climate-related representations.
- Believing their money would support cleaner or more responsible investment practices.
- Later learning that insurer general-account assets may include fossil-fuel or high-emission investments.
- Not being clearly told how annuity premiums are invested.
- Paying a premium or selecting the product because of environmental marketing.
Corebridge offers annuities and describes annuity guarantees as backed by the claims-paying ability of the issuing insurance company; its materials also discuss ESG-related investment considerations.
Why Individuals Should Be Concerned
Potential claims include:
- Greenwashing
- False advertising
- Consumer fraud
- Securities-style misstatement where applicable
- Breach of good faith
- Economic loss from sustainability-based marketing
Signs You May Be Affected
- You purchased a Corebridge or AIG related annuity because of ESG, sustainability, or climate-related claims.
- You believed your annuity supported environmentally responsible investing.
- You were not clearly told how general-account assets were invested.
- You would not have purchased the annuity, or would have paid less, had you known the truth.
- You relied on marketing involving clean energy, sustainability, or climate alignment.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.