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Violation Tracker Individual Record

Company: MetLife Insurance Company
Current Parent CompanyMetLife
Parent at the Time of the Penalty Announcement subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.