CBS Evening News for Wednesday, Jul 28, 2010
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(Studio: Katie Couric) The story of Army Sgt. Ryan Baumann†, of the 101st Airborne, who died in Afghanistan in 2008, & what happened to the death benefits granted his mother presented; details given about how Prudential handled her benefits. [Mother Cindy LOHMAN††- recounts what happened to her son who sacrificed his life; states the Prudential checks could not be verified; states the insurance companies are increasing their profits.] [Bloomberg Markets magazine journalist David EVANS††- says the life insurance company is holding on to the money: using retained asset accounts to profit from deaths.] [Veterans for Common Sense Paul SULLIVAN†- calls this practice outrageous.] [Washington & Lee University law professor Adam SCALES†- says it may be civilly unlawful.] A defensive statement from Prudential quoted.
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