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Liberty National may have discriminated against Afro-Americans when selling insurance.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Misrepresentation
- Over Charge
- Racial Discrimination
- Unjustified Increase in Insurance Premiums
Product or Service
- Burial Insurance
Injury Types
- Monetary Loss
- Discrimination
Investigation Details
Investigation and pending class action lawsuits against Liberty National Life Insurance Company for racial discrimination claims arising from the sale of burial insurance policies.
Four African American policyholders alleged that Liberty National engaged in racial discrimination by targeting low income African Americans and selling them industrial life insurance policies with higher premiums and lower benefits than those sold to Caucasians.
Discovery in this action will reveal conduct that will be both shocking and shameful. The documentation already filed in this case includes an affidavit from a former Liberty National agent that states that Service Insurance Company (a subsidiary of Liberty National) was commonly referred to as "the black-bone of Liberty National." Liberty National will now have to answer for these practices that have been hidden from the policyholders for years.
Four African American policyholders alleged that Liberty National engaged in racial discrimination by targeting low income African Americans and selling them industrial life insurance policies with higher premiums and lower benefits than those sold to Caucasians.
Discovery in this action will reveal conduct that will be both shocking and shameful. The documentation already filed in this case includes an affidavit from a former Liberty National agent that states that Service Insurance Company (a subsidiary of Liberty National) was commonly referred to as "the black-bone of Liberty National." Liberty National will now have to answer for these practices that have been hidden from the policyholders for years.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Liberty National Life Insurance Company | Liberty National Life Insurance Company, a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK), sells life insurance. |
| Service Insurance Company | Service Insurance Company provides a wide range of surety bonds. |
| Torchmark Corporation (TMK) | Torchmark Corporation, through its subsidiaries, provides individual life and supplemental health insurance products, and annuities. |