Trust Objects To Class Action Settlement Of Life Insurance Fraud Scheme

Mealey's (February 5, 2020, 2:29 PM EST) -- BALTIMORE — A family trust asks a Maryland federal court on Jan. 28 to deny a motion by plaintiffs in consolidated cases concerning an alleged life insurance fraud scheme that shifted debt to reinsurers requesting final approval of a class action settlement unopposed by life insurers that “will make available over $40 million in settlement benefits” (Richard Dickman, et al. v. Banner Life Insurance Co., et al., Nos. 16-192 & 17-2026, D. Md.)....