Race-based Insurance

What is involved in race-based insurance fraud?

From the 1930s until the late 1970s, at least 30 insurance companies engaged in the shameful practice of charging “race based insurance premiums” on so-called “burial policies” and/or “industrial life policies.”

This reprehensible practice involved a national scheme to unlawfully charge African Americans higher insurance premiums based solely on the color of their skin. Many of these companies further compounded their wrongdoing by undertaking sophisticated measures to cover up their misdeeds. Some charged this inflated premium up to 1980.

Our firm is involved in litigation against several insurance companies and their subsidiaries based on claims of race-based insurance fraud. We have previously settled more than 10,000 claims. The typical “race based insurance” case involves an insurance policy sold prior to 1980 with a relatively low face value (usually under $5,000.00).

We continue to lead the nation in this area of the law for those persons who wish to “opt out” of the class action lawsuits that often offer minimal benefits to certain policyholders compared to the potential recovery they may receive by filing their own lawsuit.

What can I do?

If you feel you have a claim, our attorneys would like to talk to you. You may be entitled to compensation. Contact us today for a free, no-obligation legal consultation.