Calif. Regulator To Probe Life Insurance Payments

Law360, New York (May 23, 2011, 11:03 PM EDT) -- California's insurance regulator on Monday announced an investigation into the conduct of the 10 largest life insurance companies doing business in the state following a probe into MetLife Inc.'s payment practices under its life insurance policies.

The California Department of Insurance will investigate whether life insurers failed to pay life insurance policy benefits to named beneficiaries even after learning that the insured had died.

The insurers being investigated are MetLife Inc., John Hancock Insurance Co., Prudential Insurance Co. of America, Nationwide Insurance Co., The Hartford Financial...
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