Life insurance claims

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  How to enter the DI market

  By Charles K. Hirsch  |  April 29, 2013

  Three top producers weigh in on why so many of their peers overlook a product that a) has a huge prospect base and b) can bring lucrative commissions.

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  Symetra Forms New Group Life, DI and Employee Leave Management Claims Team

  By Michael K. Stanley  |  July 10, 2012

  Symetra Life Insurance Company, Bellevue, Wash., has announced the establishment of a new group life and disability insurance (DI) claims team that will provide integrated claims and absence management support to employers and their employees.

• MetLife Faces at Least $500M Unclaimed Property Settlement

  By Arthur D. Postal, Elizabeth Festa  |  May 1, 2012

  The insurance departments of Illinois, Florida, New Hampshire, North Dakota, and Pennsylvania joined in the negotiations with MetLife, according to California insurance commissioner Dave Jones and Kevin McCarty, NAIC president and Florida insurance commissioner.

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  MetLife's Landmark Unclaimed Property Settlement Could Approach $700 Million

  By Elizabeth Festa  |  April 23, 2012

  Payouts to consumers would come over a long, multi-year process, although MetLife expects $188 million to be paid out in 2012 for industry policyholders.

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  Regulators: MetLife Faces At Least $500-plus Million Payout in Unclaimed Property Settlement

  By Arthur D. Postal, Elizabeth Festa  |  April 23, 2012

  Metropolitan Life Insurance Company could pay out more than $500 million to current and former insureds as part of a settlement with insurance regulators regarding its unclaimed property practices.

• Lawsky Hopes to Make Retained Asset Accounts a National Issue

  By Elizabeth Festa, Arthur D. Postal  |  April 1, 2012

  New York Department of Financial Services Superintendent Benjamin Lawsky said he hopes that his department’s focus on retained asset accounts (RAAs) will become a national standard, even though he said it will take some time for the industry to assimilate what New York has recently required.

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  Lawsky Hopes to Make Retained Asset Accounts a National NAIC Issue

  By Elizabeth Festa, with previous material by Arthur D. Postal  |  March 5, 2012

  New York Department of Financial Services Superintendent Benjamin Lawsky said he hopes that his department’s focus on retained asset accounts (RAAs) will become a national standard.

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  New York Curtails the Use of Retained Asset Accounts

  By Arthur D. Postal  |  February 24, 2012

  New York State has become the first state to require life insurers to pay beneficiaries of life insurance claims immediately, effectively prohibiting the use of retained asset accounts.