State Farm, Class Settle Life Insurance Overcharging Suit

By Daniel Tay · May 30, 2023, 8:24 PM EDT

State Farm and a class of nearly 53,000 life insurance policyholders settled a lawsuit Tuesday alleging that the insurer calculated their cost-of-insurance rates using unauthorized factors like profits and expenses that...

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Case Information

Case Title

Toms v. State Farm Life Insurance Company

Case Number

8:21-cv-00736

Court

Florida Middle

Nature of Suit

Insurance

Date Filed

March 26, 2021