MetLife Seen Scaling Back Annuities as Kandarian Narrows Focus
MetLife Inc. (MET) may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns.
Policy holders of ICICI Prudential under scanner
Bureaucrats and ministers, who had taken insurance policies from the former ICICI Prudential’s assistant area manager Seema Jaiswal, have come under the scanner of Madhya Pradesh Lokayukta.
Why we don’t buy life insurance
Why don't Americans buy life insurance? At least part of the answer is that we're not absolutely convinced that the money we tuck away all those years will actually pass to our heirs once we're gone.
Ultimate Irony- Major Life Insurance Firms Settle with State AG’s
Ultimate Irony- Major Life Insurance Firms Settle with State AG’s Courtesy of Dr. Paul Price (at Real Money) MetLife, Prudential and John Hancock agreed to pay $40 MM, $17 MM and $12 MM respectively to make a multi-state probe go away. These companies were routinely cross-checking Social Security death records to prevent recurring annuity benefit payments going out to deceased policy holders ...
Pennsylvania Protects Life Insurance Beneficiaries in MetLife Settlement
HARRISBURG, Pa., April 23, 2012 /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department is among six lead states that today announced a settlement with MetLife, Inc. and some of its subsidiaries that will make it easier for consumers to learn if they are the beneficiary of a life insurance policy.