Violation Tracker Individual Record

Company: 
MetLife Insurance Company
Current Parent Company: 
MetLife
Penalty: 
$208,750,000
Year: 
2019
Date: 
January 28, 2019
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

The Department of Financial Services entered into a consent order with MetLife Insurance Company, under which the insurer agereed to pay a penalty of $19,750,000 for violations of New York Insurance Law stemming from a DFS examination which found that the insurer failed to properly locate and pay benefits to thousands of New York insureds and beneficiaries. As part of the consent order, MetLife also agreed to pay retroactive benefits to policyholders in New York State and elsewhere totaling more than $189 million.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.