Four life insurers will pay $3.4M to settle probe over death benefits
The settlement was part of a broader crackdown by regulators in five states on insurers who allegedly failed to make death benefit payouts on a timely basis.
State insurance regulators have reached settlements with four life insurance companies regarding payment of unclaimed death benefits, terms of which include paying an aggregate $3.4 million.
The Hartford Financial Services Group, Securian Financial Group Inc., Great American Insurance Group and Sta
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