$195,000 Class Deal Gets Final OK In Suit Over Allegedly Fraudulent Policies

( April 17, 2025, 8:37 AM EDT) -- SANTA ANA, Calif. — Noting the absence of objections and that “the average class member payment will be $467.77, and the highest payment will be $5,204.40,” a California federal judge granted final approval to a $195,000 class settlement that resolves a suit over allegedly counterfeited insurance policies sold through a captive reinsurance arrangement....

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