American National Insurance Co.

A $3 million settlement has been reached in the nationwide class action lawsuit filed on behalf of thousands of black and Hispanic consumers. The suit alleged that the company used race-based pricing in determining policies. The settlement applies to policies with a face amount of $1,000 or less issued between 1936 and 1939 to blacks and Hispanics and between 1948 and 1964 to blacks and where a surrender or death benefit was paid since Dec. 31, 1959. (Jun-09-04) [SETTLEMENT WEBSITE]