State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. He said his office served subpoenas on Prudential Financial, Inc. and MetLife, Inc. as part of the probe, seeking information on life insurance policies. Cuomo, a candidate for governor, said his [...]
NY AG announces probe of life insurance industry
posted by Mitchell Kirby on August 1st, 2010 under Insurance Advise