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Written by Jamie Simpson, LawServer Attorney-Editor
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Last Updated November 7, 2008 |
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As the largest U.S. credit card company, American Express is the subject of a class-action suit filed in 2001 alleging overcharging customers for travel insurance, reports Bloomberg.com. Initial arguments were heard this week on behalf of 6 million cardholders represented in the action. American Express allegedly charged customers for insurance premiums on all air-travel related charges above $45, but should have only applied these premiums toward airfare purchases. Cardholders complain that the premiums were not refunded in the case that a flight was cancelled.
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