Filed Under:Your Practice, Regulatory

ING settles with 7 states on unclaimed property

(AP Photo/Peter Dejong)
(AP Photo/Peter Dejong)

A comprehensive examination of ING’s unclaimed property practices conducted on behalf of seven states has uncovered no wrongdoing.

But the Florida Department of Insurance later clarified that the regulatory settlement agreement was entered into prior to the conclusion of any examination. “Similar such agreements have been entered with other life and annuity insurers,” said Amy Bogner, a spokeswoman for the Florida Department of Insurance. “Because the settlement was entered into prior to the conclusion of the examination, no report was issued and no findings were made."  

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Nichole Morford

Nichole Morford
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