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.
If the Air Force is in line for a big budget bump from President Donald Trump’s proposed $1.5 trillion defense budget in 2027, the head of Air Combat Command said he would make aircraft spare parts his top spending priority—but cautioned that more money to buy parts won’t equal a…
