MetLife Inc. posted the biggest decline in the 21-company Standard & Poor’s 500 Insurance Index after announcing the departure of William Wheeler, president of the Americas, disappointing those who thought he would be the next chief executive officer. Wheeler, 53, …
Google Compare for car insurance was introduced on Thursday in California, “with more states to follow,” the tech giant said. “Google Compare for car insurance provides a seamless, intuitive experience for connecting with your customers online,” the company said in …
MetLife’s home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn’t meet federal requirements. The Justice Department said on Feb. 25 that MetLife knew the business was issuing hundreds …
American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units. The subsidiaries, American Life Insurance Co. and Delaware American Life Insurance Co., solicited business in …
Minnesota Department of Commerce Commissioner Mike Rothman has signed regulatory settlement agreements with Transamerica and MetLife that require both insurance companies to pay Minnesota beneficiaries their rightful proceeds from life insurance policies, annuity contracts and retained asset accounts; and $4 …
New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a probe of unlicensed overseas insurance sales. “The investigation of …
American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be unconstitutional. AIG, criticizing what it called a “flawed and unconstitutional” interpretation …
MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company’s main retail business said they’ve been missing an opportunity to diversify sales. “Out of our 58 agencies, …
National Association of Insurance Commissioners President Jim Donelon questioned the need for a countrywide halt on approvals of captive insurance deals one day after New York’s regulator said the transactions hide risk. “I don’t see an obvious need for such …
Metropolitan Property & Casualty Insurance Company (Met P&C) — a unit of MetLife — has settled allegations in Massachusetts concerning auto insurance surcharge premiums. It was alleged that the insurer failed to refund surcharge premiums to some auto policyholders after …
