After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
The U.S. authorized as much as $37 billion of arms sales to Saudi Arabia and other Persian Gulf nations over five years without always documenting the potential effect on foreign policy and national security, government investigators found.
The U.S. Department of Veterans Affairs is investigating life insurance companies’ practice of putting veterans’ death benefits in corporate accounts and keeping most of the investment profits instead of paying the survivors.
Harleysville Mutual Insurance Co. directors may draw scrutiny for potential conflicts of interest when customers are asked to approve the sale of the company and its Nasdaq-listed subsidiary, Harleysville Group Inc., to Nationwide Mutual Insurance Co.
California is the only U.S. state where the cost of auto insurance decreased over two decades through 2010, according to a consumer group that attributes the decline to a law that gave regulators more control over rates.
The largest U.S. auto insurers weigh occupation and education levels more than driving records to set rates for minimum-liability coverage, the Consumer Federation of America said today, citing a review of a dozen cities.
A half-dozen members of President Barack Obama ’s Cabinet sit on an advisory council overseeing life insurance for U.S. military forces, a program facing investigations of whether insurers are unfairly profiting from policies of dead soldiers and veterans.