Class Settlement Including Nearly $93.1M Fund Gets Final OK In COI Increase Suit

Mealey's (May 25, 2022, 12:57 PM EDT) -- NEW YORK — A New York federal judge on May 17 granted final approval to a class action settlement including a settlement fund of nearly $93.1 million in a suit over a life insurance cost of insurance (COI) increase in which class counsel said a subpoena served on a reinsurer resulted in “what Plaintiffs contend are key admissions”; on May 20, the judge amended an order awarding fees, expenses and incentive awards....