Michael Vogt v. State Farm Life Insurance Comp
Case Number:
18-3419
Court:
Nature of Suit:
Companies
Sectors & Industries:
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July 28, 2020
State Farm Urges 8th Circ. To Look Again At $34M Fee Verdict
State Farm has asked the full Eighth Circuit to rethink its ruling affirming a certified class' $34 million win in a jury trial over fees on State Farm's life insurance policies, arguing that the ruling "effectively rewrites" the policies and conflicts with precedent both in and out of the circuit.
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June 26, 2020
8th Circ. Says State Farm Can't Dodge $34M Verdict Over Fees
The Eighth Circuit on Friday upheld a $34 million jury verdict against State Farm in a class action alleging the insurer jacked up fees on life insurance policies, finding the contracts tightly limited what factors could be used to calculate the rates.