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Resource ID: #19284
Subject: Insurance
Source: Buzz
Affiliation: 
Date: 2/1/98

Description

After being rocked by accusations of fraud from 1982 to 1995, Prudential Insurance Company faced yet another crisis. During 1993 and 1994 the company knew it was using faulty software to calculate values on the most popular life insurance policy they had. The faulty software would eventually result in clients losing their entire coverage. A whisteblower was fired for pointint out the questionable practice.

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