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.
The Pentagon has concluded a new agreement to buy laser-guidance kits that turn rockets into drone-killing weapons. BAE Systems and the Defense Department announced a framework deal of up to seven years for 25,000 Advanced Precision Kill Weapon System guidance kits annually for the U.S. military.