The Life Insurance Company of Georgia, serving approximately 1 million clients throughout the south, has settled a racial discrimination lawsuit for $55 million. The class-action suit, filed on behalf of millions of African-Americans, claims the Atlanta-based company charged blacks higher premiums for policies. Life of Georgia allegedly charged blacks thirty-five percent more than whites during the thirty-year period at issue.

Representatives sold the policies, called "industrial life insurance", door-to-door to underprivileged African-Americans from the 1950s to 1981. The policies usually only paid out a few hundred dollars in benefits. Life Insurance of Georgia will refund $51 million on 2.5 million policies. The company also agreed to pay a $4 million fine.