Fallen Soldiers’ Families Denied Cash as Insurers Profit

July 29, 2010 04:34

“It’s institutionalized bad faith,” he says. “In my view, this is a scheme to defraud by inducing the policyholder’s beneficiary to let the life insurance company retain assets they’re not entitled to. It’s turning death claims into a profit center.”

FULL STORY at Bloomberg.com

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