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John Hancock Settles Discrimination Class Action for $24.4 Million


This is a settlement for the Discrimination lawsuit.

Life insurance giant John Hancock has agreed to settle a class action lawsuit alleging that it racially discriminated against African Americans when selling its polices prior to 1959. Specifically, the suit alleged that John Hancock sold lower grade policies, rather than its full range of products to African Americans.

The settlement is for a reported $24.4 million. Estimates suggest that the size of the class could reach the thousands, based on polices dating back to the 1930s. Under the terms of the settlement, African Americans who purchased, owned, were insured by or were beneficiaries of industrial weekly life insurance policies or monthly debit policies issued by John Hancock prior to 1959 would be entitled to $1,200 per policy.

The suit was filed in 2003 by Merle Norflet of Connecticut on behalf of her mother.

APRIL-08-09: John Hancock Life Insurance Co. settles bias suit [BOSTON HERALD: JOHN HANCOCK SETTLES BIAS CLASS ACTION]

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Published on Apr-8-09


READER COMMENTS

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I'm from Austin,tx and I really need help ive been working for this furniture company for 4 years I am a black male and I have an Hispanic manager that's only been my manager for a year and he is bullying me being very discriminative and showing favoritism towards the people he hires which are friends from previous workplaces he has worked I feel threatned by him because he is always coming to me about something negative and I am his direct lead in this department and he is trying to provoke me to loose my job trying to re-place me with one of his friends I have a lot of proof I am a married man with two biological kids beautiful little girls 2 and 5 and I have no felonies I have no bad reputation with my name I REALLY NEED HELP!

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