Insurance Companies
Met LifeAbout
About This Business
Business Details
- Local BBB:
- BBB Cincinnati
- BBB File Opened:
- 3/12/2003
- Business Started:
- 3/24/1868
- Type of Entity:
- Corporation
- Alternate Names:
- Met Life Investors
- Met Life Insurance
Additional Contact Information
Licensing information
- On March 31, 2014, the New York State Department of Financial Services (DFS) announced that MetLife will pay $60 million for Insurance Law and other violations at its subsidiaries ALICO and DelAm, which it acquired from AIG in 2010. Investigations by DFS and the Manhattan District Attorney’s Office uncovered that those subsidiaries solicited insurance business in New York without a license and made intentional misrepresentations and omissions to DFS about those activities. Of the $60 million, a $50 million fine will be paid to DFS and $10 million will be paid to the Manhattan District Attorney’s Office. MetLife has also agreed to fully cooperate with DFS’s investigation concerning Insurance Law violations by AIG, ALICO, and DelAm, and other AIG subsidiaries and affiliates related to conduct prior to MetLife’s acquisition. That investigation remains ongoing and is not resolved. DFS is further requiring that MetLife take immediate steps to come into compliance with New York Insurance Law. The agreement requires licensing by DFS of the insurers and agents operating out of New York. ALICO and DelAm will be prohibited from, among other activities, underwriting, binding, or negotiating the terms or conditions of an insurance policy or contract – or advertising – in New York on behalf of alien or foreign insurers while they work to come into compliance with New York Insurance Law.
Additional Information
- Other Resources
- Insurance, Indiana Department of
311 West Washington, Suite 300
Indianapolis IN 46204
Phone Number: 317-232-2395
http://www.in.gov/idoi/
[email protected] - Kentucky Board of Medical Licensure
310 Whittington Parkway Suite 1B
Louisville KY 40222
Phone Number: 502-429-7150
Fax Number: 502-429-7158
http://kbml.ky.gov/
[email protected] - Kentucky Department of Insurance
215 West Main Street
Frankfort KY 40601
Phone Number: 800-595-6053
http://insurance.ky.gov/kentucky/ - Kentucky Dept of Financial Institutions
500 Mero street
Frankfort KY 40601
Phone Number: 502-573-3390
http://www.kfi.ky.gov/ - Ohio Department of Commerce - Financial Institutions
77 S High St
Columbus OH 43215
Phone Number: 614-728-8400
Fax Number: 614-728-0380
http://www.com.ohio.gov/fiin/
[email protected] - Ohio Department of Insurance
50 W. Town Street
Columbus OH 43215
Phone Number: 800-686-1526
http://www.insurance.ohio.gov - Business Categories
- Insurance Companies
More Resources
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