$12,350,000 Verdict Involving Insurance Fraud
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General Consumer Fraud | Landmark Verdict
Published: January 15, 2008
June, 1999 – This case involved an insurance company's scheme to sell life insurance policies with the misrepresentations that the premium would never change. The jury found that the company's agents were selling these policies based on the representations that the policy premium was "fixed" was a fraudulent representation and found for the Plaintiff, awarding $12 million in punitive damages and $350,000.00 in compensatory damages.
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