Class Settlement Of Up To $117.7M Proposed In Life Insurance Cost Increase Suits

Mealey's (April 5, 2023, 2:17 PM EDT) -- PHILADELPHIA — Plaintiffs challenging cost of insurance (COI) increases on universal life insurance policies have asked a Pennsylvania federal court to consolidate two cases for settlement, preliminarily certify a settlement class and preliminarily approve a settlement that includes a fund of up to $117.75 million and a five-year COI rate increase freeze....