The Texas Department of Insurance led the charge to get multi-state settlement agreements from four insurance companies to refund more than $70 million to some 93,000 consumers, including about 71,000 servicemembers, according to a Pentagon news release. The companies are American-Amicable Life Insurance, Pioneer American Insurance, and Pioneer Security Life Insurance—all based in Waco, Tex.—and Boston Mutual Life Insurance. All four companies apparently misled low-ranking servicemembers into thinking they were buying investment products that were instead expensive term-life policies.
Navy Adm. Samuel J. Paparo Jr. assumed leadership of the U.S. Indo-Pacific Command, succeeding Navy Adm. John Aquilino at a change of command ceremony, urging action amid China's “increasing intrusive and expansionist claims,” on May 3