Judge Approves $3.2 Million Class-Action Settlement for Retired FBI Agents From Life Insurance Company of North America, According to James, Hoyer, Newcomer & Smiljanich P.A. Law Firm

Robert Dean Ulmer, Michael B. Lunsford, Donald L. Yingling on behalf of

Themselves and All Others Similarly Situated vs.

Life Insurance Company of North America

Case No. 8:00-CV-665-T-24E



Apr 23, 2001, 01:00 ET from James, Hoyer, Newcomer & Smiljanich P.A.

    TAMPA, Fla., April 23 /PRNewswire Interactive News Release/ --
 A federal judge approved a $3.2 million class-action settlement Monday that
 will restore previously promised life insurance benefits from the Life
 Insurance Company of North America for 1,184 retired FBI agents.
     The settlement provides premium refunds and increased death benefits for
 agents who retired after January 1, 1999.  The settlement answered complaints
 from the agents who found that their premiums doubled and benefits reduced by
 20 percent after they left the FBI.  The insurance was not a government
 retirement benefit, and they had paid for the group life coverage themselves.
     "They felt they had been promised a certain amount of life insurance when
 they retired," said attorney Terry Smiljanich of the James, Hoyer, Newcomer &
 Smiljanich P.A. law firm, which represented the former agents.  "Now all that
 has been restored."
     U.S. District Judge Susan C. Bucklew approved the settlement Monday.  The
 terms drew no objections from the class of retired agents who were
 represented.  Two of the class representatives were retired FBI agents Michael
 Lunsford and Robert Ulmer, who now work as investigators for the Pinellas-
 Pasco State Attorney's Office.
     James, Hoyer, Newcomer & Smiljanich has offices in Tampa and
 St. Petersburg.  It specializes in insurance sales class-actions, consumer
 fraud and whistleblower cases.
 
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SOURCE James, Hoyer, Newcomer & Smiljanich P.A.
    TAMPA, Fla., April 23 /PRNewswire Interactive News Release/ --
 A federal judge approved a $3.2 million class-action settlement Monday that
 will restore previously promised life insurance benefits from the Life
 Insurance Company of North America for 1,184 retired FBI agents.
     The settlement provides premium refunds and increased death benefits for
 agents who retired after January 1, 1999.  The settlement answered complaints
 from the agents who found that their premiums doubled and benefits reduced by
 20 percent after they left the FBI.  The insurance was not a government
 retirement benefit, and they had paid for the group life coverage themselves.
     "They felt they had been promised a certain amount of life insurance when
 they retired," said attorney Terry Smiljanich of the James, Hoyer, Newcomer &
 Smiljanich P.A. law firm, which represented the former agents.  "Now all that
 has been restored."
     U.S. District Judge Susan C. Bucklew approved the settlement Monday.  The
 terms drew no objections from the class of retired agents who were
 represented.  Two of the class representatives were retired FBI agents Michael
 Lunsford and Robert Ulmer, who now work as investigators for the Pinellas-
 Pasco State Attorney's Office.
     James, Hoyer, Newcomer & Smiljanich has offices in Tampa and
 St. Petersburg.  It specializes in insurance sales class-actions, consumer
 fraud and whistleblower cases.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X83758749
 
 SOURCE  James, Hoyer, Newcomer & Smiljanich P.A.