Latest MetLife Headlines
All the headlines from our MetLife Topic Page, ordered by recency.
MetLife Considers Appeal of Systemic Risk Label
Dec 19 2014 // MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution by a council of regulators and said it will consider whether to sue the government over the decision. The...
Online Dovetail Offers MetLife Business Owners Policy in 5 States
Dec 17 2014 // Columbia, S.C.-based Dovetail Insurance, a supplier of cloud-based insurance products for agents and brokers, is offering a MetLife Business Owners Policy (BOP) through its NetBOP Insurance Portal in five states:...
Legal Battle Over MetLife Systemic Risk Label Looms
Dec 5 2014 // U.S. regulators are close to a final decision to label MetLife Inc. systemically important, two people with knowledge of the matter said, setting up a potential legal battle with the country’s largest life...
MetLife’s Gay Rights Support Draws Criticism of Malaysia Partner
Nov 17 2014 // MetLife Inc.’s support for gay rights in the U.S. is drawing criticism to the insurer’s partner in Malaysia. A group in the nation called for a boycott of AMMB Holdings Bhd.’s AmBank, citing...
MetLife Executives Appear Before FSOC to Challenge Systemic Risk Tag
Nov 4 2014 // MetLife Inc. Chief Executive Officer Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing Monday to challenge regulators’ proposal to subject the insurer to Federal Reserve oversight, a...
AIG Pays $35M Penalty to Resolve Probe of Units Sold to MetLife
Nov 2 2014 // American International Group Inc. agreed to pay a $35 million penalty to resolve a New York State probe into unlicensed insurance sales by former units. The subsidiaries, American Life Insurance Co. and Delaware American...
MetLife to Continue Fight Against Systemic Risk Designation Next Week
Oct 30 2014 // MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as the U.S. insurer tries to escape oversight by the Federal Reserve. The Financial...
Delaware Commissioner Urges Treasury to Reconsider MetLife’s SIFI Designation
Oct 22 2014 // Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators urging them to reconsider their vote to propose that MetLife be labeled as a...
Treasury to Weigh Changes, Hear MetLife Challenge on Systemic Risk
Oct 6 2014 // U.S. Treasury Secretary Jacob J. Lew said a council of financial regulators will consider changes to how it evaluates companies for systemically important designation. The Financial Stability Oversight Council “will...
MetLife Challenges Systemic Risk Designation
Oct 6 2014 // MetLife Inc., the largest U.S. life insurer, is challenging a U.S. finding that it poses a potential risk to the financial system if it were to fail. MetLife requested a hearing before the Financial Stability Oversight...
MetLife May Fight Systemic Risk Designation
Sep 5 2014 // Insurer MetLife said it is exploring ways to fight the U.S. government’s proposal on Thursday to deem it “systemically important” and subject it to stronger regulatory oversight. MetLife is the third...
MetLife ‘Strongly Disagrees’ with Systemically Risky Designation
Sep 4 2014 // MetLife Inc., the biggest U.S. life insurer, was tentatively categorized as a systemically important financial institution (SIFI) by a panel of regulators, which would subject it to stricter Federal Reserve...
MetLife Designation as Systemically Important Expected Soon
Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
Jun 25 2014 // The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on...
MetLife Unwavering in Battle Over Systemic Risk Rules
Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach. Kandarian, MetLife’s chief executive officer, has...
Minnesota: Transamerica, MetLife Must Pay Insurance Policy Proceeds
Jun 2 2014 // Minnesota Department of Commerce Commissioner Mike Rothman has signed regulatory settlement agreements with Transamerica and MetLife that require both insurance companies to pay Minnesota beneficiaries their rightful...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
May 21 2014 // New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a...
N.Y. Regulator Lawsky Sued by AIG Over Probe Into Unlicensed Insurance
Apr 3 2014 // American International Group Inc. sued to block New York’s top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be...
N.Y. Regulators Say MetLife Fined $60M, to Cooperate in Probe of AIG
Mar 31 2014 // MetLife Inc., the largest U.S. life insurer, will pay $60 million after New York watchdogs found subsidiaries solicited business in the state without a license and made intentional misrepresentations to regulators. MetLife...
Prudential Drops Its Fight Against Systemic Risk Designation
Oct 20 2013 // Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory oversight. The insurer opted...
