« Insurance specialists keep reality TV genre alive | Main | KPMG Poll Captures Opinion On The Industry's State »

October 11, 2004

Insurance industry facing lawsuits, restitution

For a century, it was standard practice at many American insurance companies: When it came to burial insurance, blacks were charged more than whites for the same coverage.

The policies were small, paying out just enough for a modest funeral, but millions of them were sold, many to poor black families in the South. Now, the industry is being called to account.

Read the full story

Posted by Tom Troceen