The Texas Department of Insurance led the charge to get multi-state settlement agreements from four insurance companies to refund more than $70 million to some 93,000 consumers, including about 71,000 servicemembers, according to a Pentagon news release. The companies are American-Amicable Life Insurance, Pioneer American Insurance, and Pioneer Security Life Insurance—all based in Waco, Tex.—and Boston Mutual Life Insurance. All four companies apparently misled low-ranking servicemembers into thinking they were buying investment products that were instead expensive term-life policies.
May 23, 2022
The Department of the Air Force announced the retirements of several key leaders within the Air Force and Space Force on May 23, while also unveiling more than a dozen new assignments for current or future one-star generals.