Insurer To Pay $24M In Suit Over Pre-1959 Race Bias

Law360, New York (August 25, 2009, 5:17 PM EDT) -- John Hancock Insurance Co. will pay $24.4 million to resolve a long-running class action launched by a policyholder who claimed the company's practices decades ago discriminated against blacks by selling them inferior insurance products.

The insurer and Merle Norflet, who filed suit in 2004 on behalf of thousands of John Hancock's black customers, received court approval for the agreement on Friday in the U.S. District Court for the District of Connecticut.

“This was a case that was a long struggle,” said Norflet's attorney, Cyrus Mehri of...
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