About a year and a half ago, we reported on the disturbing story of two California women who were apparently buying life insurance policies on homeless men, naming themselves as beneficiary, and then doing what was necessary to file a claim. We noted at the time that it appeared that the carriers' underwriters must have been asleep at the switch, since one of the principal requirements of a life insurance contract is insurable interest.
Today, an accomplice of the two "damsels of distress" testified against them at their trial for the murder of two of his "colleagues." Sometimes truth is stranger than fiction; this whole story sounds like a Law & Order plot line.
We'll keep you posted.
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