The insurer has agreed to pay tens of millions to settle the suit involving overcharges State Farm Life and Accident Assurance Company are issuing life insurance settlement checks as pay out for a class action lawsuit against the companies. The lawsuit was filed in a federal court and involved overcharging accusations Attorneys representing the class action lawsuit accused State Farm in a Missouri federal court of having overcharged its customers for life insurance policies. The massive settlement involves allegedly overcharging about 450,000 policyholders who purchased universal coverage between 1986 and…
Read MoreState Farm settles life insurance suit with $65 million payment
