Latest MetLife Headlines
All the headlines from our MetLife Topic Page, ordered by recency.
MetLife Auto Wins $3 Million Fraud Judgment
Sep 4 2001 // A Massachusetts court awarded MetLife Auto & Home $2,989,270 in damages for fraud against the owners and operators of numerous auto body repair shops, several former policyholders and one of its former appraisers. The...
MetLife Ordered To Respond to Rate Discrimination Suit
Jun 27 2001 // A U.S. District Court Judge on Tuesday ordered MetLife Inc. to respond to charges that it consistently charged black Americans higher premiums than whites for low cost life insurance and burial policies. By failing to...
Swiss Re To Buy MetLife’s Conning
Apr 26 2001 // In line with its plans to expand its financial service activities, Swiss Re announced that it would acquire MetLIfe’s asset management subsidiary Conning Corp. for an undisclosed price. Conning specializes “in...
MetLife Warns of Q1 Profit Shortfall; Hit by Discrimination Suit
Mar 14 2001 // MetLife warned Tuesday that auto and home insurance business losses would drag first quarter earnings below Wall Street expectations. The company said it would again increase rates to help cover costs. Meanwhile, five...
MetLife Receives Approval for Grand Bank Acquisition
Feb 13 2001 // The Federal Reserve Board has approved the MetLife’s application for bank holding company status and its acquisition of Grand Bank, N.A. of Kingston, New Jersey. The Board also has approved MetLife’s request...
MetLife Offers Cash, Bonds to Teen Drivers
Jan 22 2001 // MetLife Auto & Home announced that it is introducing the company’s “Teens on the Road to Safety” program to insureds in the states of Alabama, Florida, Idaho, Illinois, Missouri, Oregon, and...
Two Plead Guilty To Defrauding Metlife Subsidiary
Jan 9 2001 // Two former Metlife subsidiary executives have confessed to swindling the company of $2.4 million. Howard Dale Kartchner, 55, and Jeffrey K. McLean, 49, pleaded guilty Thursday in U.S. District Court in Spokane, Wash. to...
MetLife Auto Home Enhances Agent Contracts
Dec 18 2000 // MetLife Auto & Home has made several enhancements to its Independent Agency Agreement. The contract changes will be introduced in 2001. The revisions provide for the company to defend, indemnify, and hold the agent...
MetLife Auto Home Group Sales Top One Million
Aug 17 2000 // MetLife Auto & Home announced that its group auto and homeowners insurance program now insures more than one million automobiles and homes countrywide. MetLife Auto & Home began writing group auto and homeowners...
MetLife, Grand Bank Sign Agreement
Aug 16 2000 // As part of its previously announced objective to enter the retail banking market in early 2001, MetLife has signed a definitive agreement to acquire Grand Bank, N.A. of Kingston, New Jersey. Terms of the agreement were not...
MetLife Profits Rise 18 Percent
Aug 10 2000 // ing earnings rose 18 percent as stronger sales of individual life insurance and savings products outweighed lower profits from company-distributed products and a loss in the car and home insurance unit. Second-quarter...
MetLife Auto Home Unveils New Advertising Campaign
Aug 3 2000 // MetLife Auto & Home began airing a new television and radio advertising campaign featuring Snoopy to build awareness that “all auto insurers are not the same” and to promote its Coverage Plus and...
MetLife, Banco Santander To Restructure
Jul 10 2000 // Seguros Genesis, the joint insurance venture of Metropolitan Life Insurance Co. and Banco Santander Central Hispano will undergo a restructuring resulting in a 60 percent equity participation by Banco Santander and 20...
MetLife Planning Banking Services
May 19 2000 // MetLife subsidiary Metropolitan Life Insurance Company has taken the first step toward offering banking services to customers by establishing a new unit within the company. Judy Weiss, an executive vice president, will...
MetLife Hires Two New Executives in Move to Distribute Financial Services
Apr 13 2000 // Metropolitan Life Insurance Company has set its sights on being a major manufacturer and distributor of financial services products sold through other financial institutions and independent intermediaries. To prepare the...
MetLife IPO Raises $2.88 Billion
Apr 5 2000 // In its much ballyhooed initial public offering, Metropolitan Life Insurance Co., the number two U.S. insurer, raised $2.88 billion Tuesday-less than half of its initial $6.1 billion target. The shortfall stemmed primarily...
