November 07, 2023
A California federal judge approved a $5 million settlement resolving class claims against American National Insurance that asserted the company incorrectly adjusted a decade's worth of mortality risk charges for more than 3,000 policyholders.
June 27, 2023
The representative of a proposed class action against American National Insurance Co. reached a $5 million preliminary settlement agreement with the insurer, and thus asked a California federal judge to approve the deal so that more than 3,000 policyholders could begin receiving payouts for incorrectly adjusted mortality risk charges.