Insurer Conseco Inc., has agreed to a $100.3 million class action settlement for a suit filed against it in 2004. The suit alleges the insurer charged consumers desiring life insurance policies excessive premiums or forced others to surrender their existing polices for cash in order to increase the company’s finances. The suit is still subject to the court’s approval but appears to be in line with an acceptable settlement amount. This is a good result for those who were strong armed by the powerful insurance giant to pay excessive premiums. This type of inappropriate behavior should not be tolerated and thanks to the hard work of the attorney’s involved, yet another insurance company will be held accountable for its deplorable actions.
A partner with Childers, Schlueter & Smith, LLC,, Brandon Smith has devoted his practice to pharmaceutical litigation, mass torts, products liability and serious personal injury. A frequent guest speaker at legal seminars all over the country—Brandon is focused on helping injured victims nationwide, however possible. Named a SuperLawyer in 2017, he has also been called out as one of 10 Best Attorneys For Georgia by the American Institute Of Personal Injury Attorneys.