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Minnesota settles with two life insurers over unpaid policies

By David Phelps, Star Tribune (Minneapolis) Tribune Content Agency Dec. 12–The Minnesota Commerce Department announced agreements with two life insurance companies Thursday to increase efforts to find and pay death benefits to beneficiaries of their policyholders. The settlements with Voya (ING) and Lincoln bring to five the number of insurers in the state who have agreed to

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Commerce Commissioner Reaches Settlement with Transamerica and MetLife

Commerce’s intensive market conduct examination unearthed tens of millions in unpaid life insurance policies May 27, 2014 SAINT PAUL, MN – Today, Minnesota Department of Commerce Commissioner Mike Rothman signed Regulatory Settlement Agreements with Transamerica and MetLife that require both insurance companies to pay Minnesota beneficiaries their rightful proceeds from life insurance policies, annuity contracts and retained

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