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$147.5M Life Insurance Class Deal Gets First OK In Conn.

By Brian Steele (September 6, 2024, 4:27 PM EDT) -- A Connecticut federal judge has given his initial approval to a $147.5 million settlement in a class action accusing two insurers of overcharging policyholders when deducting costs from savings accounts attached to universal life insurance plans, turning away objections from plaintiffs in parallel cases in other states....

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