Insurance
Apr. 27, 2011
MetLife Probed Over Insurance Payouts
State officials announced Monday a joint investigation into Metropolitan Life Insurance Co., also known as MetLife, for allegedly failing to pay out life insurance benefits after the company learned of an insured’s death.
Daily Journal Staff Writer
State Insurance Commissioner Dave Jones and State Controller John Chiang announced Monday a joint investigation into Metropolitan Life Insurance Co., also known as MetLife, for allegedly failing to pay out life insurance benefits after the company learned of an insured?s death. The inquiry is in response to preliminary findings from an audit launched in 2008 into the company?s practices. The audit found that whi...
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