State Farm Life Insurance must pay $34M class-action plaintiffs, federal appeals court

State Farm Life Insurance - Law - Justice
Insurance News - Is crop insurance ...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

The 8th US Court of Appeals has upheld the ruling that policyholders in Missouri must be repaid. State Farm Life Insurance must repay Missouri policyholders more than $34 million for having charged them undisclosed fees, ruled the 8th US Court of Appeals. The class action lawsuit was filed on behalf of 25,000 policyholders back in 2016. The plaintiffs in the class action lawsuit were people who had purchased policies from State Farm Life Insurance between 1994 and 2004. The lawsuit alleged that the insurer’s policy premiums were said to be…

Read More