In a resounding defeat for the defendant insurance company, the Georgia Court of Appeals has upheld a lower court’s decision allowing a class action to proceed on behalf of potentially hundreds of thousands of customers who bought credit insurance when financing their vehicles, but who — in cases in which the loans were paid off early or the cars were wrecked and the loans canceled — were not provided refunds of those premiums.
The appeals court also upheld a stiff sanction order levied by the trial court over allegations of discovery abuse, which Chicago-based Resource Life Insurance Co. had argued could cost it hundreds of millions of dollars if allowed to stand.
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