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Resource ID: #24821
Subject: Insurance
Source: Bloomberg News (New York)
Date: 2024-05-20



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."

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