Class Claims Pared From ANICO Life Insurance Suit

Law360, New York (May 10, 2013, 3:09 PM EDT) -- An Oklahoma federal judge on Thursday dismissed proposed class action claims from a lawsuit accusing American National Insurance Co. of violating state laws on life insurance policies linked to car loans.

Judy Dollison had claimed ANICO and a local car dealership sold her late husband and others life insurance policies as a means to pay off auto loans when the customers died, but that they had breached state law for such policies by taking out insurance worth more than the debt customers actually owed on their...
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