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Profiting From Fallen Soldiers

Number 24821
Subject Insurance
Source Bloomberg News (New York)
State NY
Year 2010
Publication Date 7/28/2010; 9/14/2010; 9/30/2010
Summary In this series, reporter David Evans exposed how "more than 130 life insurance companies" devised a system that allowed them to profit from death benefits that were "owed to families of service members, government workers and millions of other Americans." MetLife and Prudential led the scheme. Evans revealed that the companies withheld $28 billion owed to the families of deceased soldiers. The story prompted "almost immediate changes in U.S. government policies."
Category Contest Entry
Pages 31
Keywords life insurance; MetLife; Prudential; Robert Gates; Veterans; taxpayer; American Legion; military
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