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After four years of litigation, major insurance companies are settling suits and regulatory actions for allegedly charging African-Americans higher premiums than whites. So far, the tailspin has cost the industry $497 million in settlements to owners of 6.9 million policies. Plaintiffs lawyers say the civil litigation started when attorneys from five firms began discussing what they saw as a history of overt discrimination, in some instances stretching back to policies written in 1900.
October 21, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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