$325 Million Global Settlement Reached with State Farm Life Insurance Company

June 15, 2023

Miller Schirger LLC has secured a $325 million cash settlement on behalf of owners of more than 760,000 universal life insurance policies nationwide. The settlement represents a culmination of significant effort on the part of Miller Schirger and co-counsel at Stueve Siegel Hanson in litigating eleven class action cases against State Farm for more than six years in federal district courts in Arizona, California, Florida, Georgia, Minnesota, Missouri, New York, Oregon, Texas, and Washington.

The plaintiffs alleged that State Farm systematically overcharged them for decades. State Farm denied the allegations.

“We are proud to fully and finally settle these claims on behalf of State Farm policyholders nationwide. We are pleased that our work is putting money back where it belongs, in the hands of policyholders who have dutifully paid premiums,” said founding partner, John Schirger.

In several class action settlements in the last six years, Miller Schirger has generated settlement value in excess of $2.5 billion dollars for life insurance policyholders. In addition to the extraordinary value generated through settlements, Miller Schirger and co-counsel have also tried and won three class action jury trials against life insurance companies.

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