The US Attorney’s Office has settled the case of the American-Amicable Life Insurance Company of Texas, which, along with its affiliates, had represented expensive insurance policies as savings plans to tens of thousands of new military recruits. The settlement calls for the company to make cash payments totaling $10 million to 57,000 military members and provide increased value—a total of $60 million—in policies for another 53,000 military and non-military individuals. And, the company cannot sell insurance on military facilities for five years.
Defense Secretary Lloyd J. Austin III chaired a China-focused military briefing Oct. 27, part of a biweekly series of briefings with senior military commanders about China’s growing threat in the wake of an orbital hypersonic weapon test that elicited public worries from the Chairman of the Joint Chiefs. “What we…