23XI, FRM vs. NASCAR lawsuit judge Kenneth Bell assigned Kyle Busch insurance case

A judge has been assigned to the Kyle Busch and Samantha Busch vs. Pacific Life Insurance Company case, and it’s someone NASCAR fans know very well. Per Bob Pockrass of FOX Sports, U.S. District Court Judge Kenneth Bell will oversee the case. Bell has also been involved in the lawsuit between 23XI Racing and Front Row Motorsports (FRM) vs. NASCAR.
Kyle and Samantha Busch filed the lawsuit against Pacific Life Insurance Company on Oct. 14 in Lincoln County, North Carolina. The complaint states the Busch family had losses exceeding $8.58 million.
Earlier this month, Kyle Busch talked about the issues he had with Pacific Life. The company sent the two-time NASCAR Cup Series champion a sixth premium notice on what was supposed to be a five-year payment plan, which led to Busch noticing that something was wrong.
“I was like, wait a second, what am I getting a sixth-year premium payment for?” Busch said from Phoenix Raceway on Nov. 1, per the Associated Press. “We got on a call with the guy who sold me the premium policies, and he ran me around in all these circles, couldn’t answer the questions, so I was like, this is fishy.”
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More on the Kyle Busch insurance case
Busch and Samantha went to an independent firm and were told that their policy would expire in 16 months, and all of the $10.4 million they invested gone. Kyle Busch said if he paid $1 million for five years, he could take out $800,000 a year once he turned 52. Instead, Busch was told his money was going to the insurance company’s account instead of being invested into a market.
Last week, the case was moved to federal court. Per John Hamilton of Life Insurance News, Pacific Life petitioned to move the case to federal court, noting that the insurer is organized in Nebraska, with a principal place of business in California.
“For nearly 160 years, we have committed ourselves to fairness, integrity, and acting in the best interests of our clients — and we continue to take this responsibility very seriously,” Pacific Life said in a statement at the time of the filing. “Pacific Life offers several different life insurance products, each with unique characteristics that are important to understand before making a decision.”