Missouri Court Upholds $28 Million Verdict Against Kansas City Life Insurance, Orders Additional Prejudgment Interest
JEFFERSON CITY, Mo. — In a significant ruling, a Missouri appellate court has affirmed a $28 million jury award in a class-action lawsuit involving Kansas City Life Insurance Co. The case centers on disputes over the way universal life insurance policies’ values were calculated, potentially affecting numerous policyholders. Additionally, the court has remanded the matter back to trial court to address the issue of prejudgment interest, which could substantially increase the compensation owed to affected class members. The appellate court’s decision stems from a lawsuit titled Karr v. Kansas City Life Insurance Co., where plaintiffs … Read more