Race-Based Insurance Policies - California Obtains Benefits for Victims

Race-Based Insurance Policies - California Obtains Benefits for Victims: "SACRAMENTO ― The California Department of Insurance (CDI), as part of a multi-state effort including Georgia, Florida, Ohio and Texas, has reached a settlement with Americo Life, Inc. to secure benefits for African-American consumers historically sold insurance policies using discriminatory practices, such as charging or collecting higher premiums for life insurance products based upon race; limiting the amount, extent or type of coverage available by race; and, assigning risk classifications based on race"