Insurance co settlement to benefit 25,000 NC minorities
Here’s a bit of news that will cheer nearly 25,000 minority North Carolinians who now stand to benefit. The North Carolina Insurance Department recently announced a settlement with Western and Southern Life Insurance Co. Myrtlebeachonline.com reports:
A multistate examination led by Ohio insurance regulators and involving North Carolina officials, found that the Cincinnati-based company charged higher premiums to black customers for life insurance, industrial life insurance or monthly debit ordinary insurance from the 1950s through the 1970s.
Read more: Settlement with insurance company announced
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