State Farm settles class suit for $200 million

D'Allegro, Joseph
September 1998
National Underwriter / Life & Health Financial Services;9/7/98, Vol. 102 Issue 36, p3
Reports that State Farm Life Insurance Co. and State Farm Life & Accident Assurance Co. have agreed to settle a lawsuit that accused their agents of misleading policyholders for $200 million. Background information on the class action lawsuits filed in 1997 against the two companies in Bloomington, Illinois; Mailing of notices explaining the payment process.


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