Financial Services Industry
Industry: Email Alert RSS FeedFed. probe of Met seen; Pa. dept. acts on agents. (Metropolitan Life Insurance Co., Pennsylvania Department of Insurance)
National Underwriter Life & Health-Financial Services Edition, July, 1994 by Schwartz, Matthew P.
The sales practices of Metropolitan Life Insurance Co (Met) reportedly are under investigation by the US Attorney in Tampa, FL, although Met reports that it has not been subpoenaed. Met already has settled a lawsuit brought by the Florida attorney General for $2.5 million, and state hearings continue to delve into allegedly deceptive sales practices used by Met agencies. In a related development, the Pennsylvania Dept of Insurance has taken action to revoke the licenses of three former Met insurance agents that allegedly used fraudulent sales practices.
The United States Attorney in Tampa, Fla. is said to be looking into the sales practices of Metropolitan Life Ins. Co., according to published reports.
At the same time, the Pennsylvania Insurance Department has...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express