San Jose City Councilman Kansen Chu told a crowd of anxious policyholders on Sunday March 7 that the Chinese-American Mutual Assistance Association had reached a settlement with the state Attorney General's office, but Chu said the association might not have enough cash to fully reimburse all the approximately 8,000 policyholders. The association collected dues for 19 years. After 10 years, policies could be worth $15,000. Several families have filed lawsuits against the association and its president, Angela Chen. (Source: AP, Mar 8, 2010).