Category Archives: Unpaid Life Insurance Death Benefits
MetLife Settles With States Over Unclaimed Life Insurance Benefits
Life insurance giant, MetLife has settled with more than 30 states over unclaimed life insurance benefits, agreeing to pay close to $500 million. The states claim that MetLife never provided life insurance benefits to some policyholders, wrote Bloomberg Businessweek. MetLife … Continue reading
Prudential Financial Faces More Scrutiny Over Unpaid Life Insurance Death Benefits
The Massachusetts and Minnesota attorneys general are investigating the way Prudential Financial handled unclaimed life insurance policy death benefits. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Prudential was also recently informed that an office … Continue reading
MetLife Hit with Shareholder Lawsuit Over Unclaimed Death Benefit Policies
A MetLife shareholder has filed an investor class action lawsuit over the way the insurance company handles unclaimed death benefits. The lawsuit alleges that MetLife used the U.S. Social Security Administration’s “Death Master File” database to stop making annuity payments … Continue reading
Illinois Whistleblower Lawsuit Filed over MetLife, Prudential Unclaimed Life Insurance Benefits
A whistleblower lawsuit filed in an Illinois court claims insurers MetLife Inc. and Prudential Financial Inc. each knowingly committed “massive fraud” by failing to hand over unclaimed death benefits to the state’s abandoned property department. The lawsuit is the latest … Continue reading
New York Focus on Unpaid Life Insurance Benefits Nets Millions in Payments to Beneficiaries
New York State regulators’ decision to look into the handling of unpaid life insurance benefits appears to have already produced results. According to a report from Reuters, life insurance companies have paid more than $50 million in benefits to nearly … Continue reading
Ohio Life Insurance Companies Sued Over Handling of Unclaimed Death Benefits
Western & Southern Mutual Holding Co. and Columbus Life Insurance Co., both based in Ohio, have been named in a lawsuit accusing them of failing to use a U.S. Social Security Administration database to make sure < "http://www.yourlawyer.com/topics/overview/Unclaimed-Life-Insurance-Death-Benefits-Lawsuit">unclaimed death benefits … Continue reading
California Investigating MetLife, Other Life Insurance Companies Over Unclaimed Death Benefits
California Insurance Commissioner Dave Jones announced in May that he had opened an investigation into the way 10 large life insurance companies handle < "http://www.yourlawyer.com/topics/overview/Unclaimed-Life-Insurance-Death-Benefits-Lawsuit">unclaimed death benefits. At the time, Jones said he had already uncovered evidence that one insurer … Continue reading
Florida Settles with Insurer Over Unpaid Death Benefits
In May, John Hancock Life Insurance Company reached a settlement with the state of Florida over the way it handles < "http://www.yourlawyer.com/topics/overview/Unclaimed-Life-Insurance-Death-Benefits-Lawsuit">unpaid life insurance death benefits. Without admitting any wrongdoing, John Hancock agreed to pay $3 million to the Florida … Continue reading
New York Intensifies Probe into Unpaid Life Insurance Death Benefits
Over the summer, regulators in New York stepped up investigations into the way big life insurance companies handle < "http://www.yourlawyer.com/topics/overview/Unclaimed-Life-Insurance-Death-Benefits-Lawsuit">unpaid death benefits. As part of its probe, the New York Attorney General’s office subpoenaed nine large insurance companies, including AXA … Continue reading










