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28 Mar 2012, 6:29 am
Source Materials - Judge Galasso continued to deny attorneys for the shortfall payees access to critical source materials (including the MetLife ELNY database) relied upon by the agents and experts for the Superintendent of the New York State Department of Financial Services (Superintendent), as Receiver for ELNY, in formulating the Superintendent's proposed Restructuring Agreement for ELNY. [read post]
26 Mar 2012, 12:49 pm
A recently unsealed whistleblower complaint alleges that life insurance companies MetLife Inc. and Prudential Inc. violated the Minnesota False Claims Act by holding onto unclaimed benefits which the companies were required to turn over to the state’s unclaimed property unit. [read post]
26 Mar 2012, 8:50 am
MetLife ended sales of long term care polices in 2010. [read post]
26 Mar 2012, 12:36 am
Four firms—Citigroup, Ally Financial, MetLife, and SunTrust—failed to clear the Comprehensive Capital Analysis and Review (CCAR), which the Fed uses to test whether bank holding companies can meet their obligations even during times of severe economic and financial stress. [read post]
23 Mar 2012, 11:05 am
At least this is what a recent report released by the National Alliance for Caregiving, AARP, and MetLife indicates. [read post]
23 Mar 2012, 9:48 am
A report from MetLife Mature Market Institute claims 34 percent of fraud is perpetrated by family and friends. [read post]
22 Mar 2012, 1:00 pm
" "I wasn't able to get an audit; who knows if [the Receiver and MetLife as annuity administrator] were paying people who were already dead? [read post]
21 Mar 2012, 6:07 am
He also testified that all of MetLife's administrative reports (covering the years 2002-2010) were compiled in 2011 and that he determined that MetLife data with respect to ELNY structured settlement mortality prior to 2002 was not credible. [read post]
19 Mar 2012, 5:08 pm
In addition to the MetLife database, attorneys for the ELNY structured settlement shortfall victims unsuccessfully sought disclosure of other documents relied upon by Gibson including an ELNY 2002-2010 Mortality Experience Study, a MetLife/ELNY Administrative Agreement, Investment Reports from ELNY's Investment Managers, plus information developed by NOLHGA showing Guaranty Association estimates and allocations for individual annuity contracts. [read post]
14 Mar 2012, 5:08 pm
"Which is what MetLife recently underwent.And apparently failed:"MetLife, Inc. [read post]
14 Mar 2012, 12:34 pm
This problem is resulting in the loss of billions of dollars each year, so it is widespread and according to a recent study by the MetLife Mature Market Institute losses are on the rise. [read post]
13 Mar 2012, 4:42 am
Be aware that the fair market value of a share of stock also includes a declared but unpaid dividend if the date of record occurs before the date of death.8 For example, if a decedent died on November 17, 2010 owning shares of stock in MetLife, the value of each share of stock would be determined as follows: MetLife Highon 11/17/10: 39.13 MetLife Low on 11/17/10: 38.46 The high and low would be added together for a total of… [read post]
6 Mar 2012, 4:43 pm
While MetLife argued that 29 C.F.R. [read post]
5 Mar 2012, 7:57 am
First, the positive: unlike some other companies last week, like Metlife (MET), whose 10-K included 21 separate exhibits designed for the typical investor’s reading pleasure, Chesapeake’s 10-K only had one exhibit. [read post]
5 Mar 2012, 6:13 am
On March 15, 2012, the Supreme Court of Nassau County New York is scheduled to consider a Petition by the Superintendent of the New York State Department of Financial Services (Superintendent) for an Order of Liquidation and Approval of a Restructuring Agreement for Executive Life Insurance Company of New York (ELNY). [read post]
4 Mar 2012, 10:31 am
The MetLife data found that roughly a quarter of all adults are currently providing at least some financial assistance to their parents. [read post]
24 Feb 2012, 11:22 am
Most of the music jammed to at the Meadowlands (I mean, MetLife) tailgates is golden-oldie status: metal like Pantera and Metallica, Jersey rock like Springsteen and Bon Jovi, and pop metal like Motley Crue and Poison. [read post]
24 Feb 2012, 4:35 am
The numbers are in and AIG, Allstate, Metlife, State Farm, and New York Life are not going to be happy-their industry continues to decline in profitability. [read post]
23 Feb 2012, 5:15 am
Those companies include: America's Servicing Company, Aurora Loan Servicing, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage; Countrywide, EMC, Everbank/Everhome Mortgage Company, Financial Freedom, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, U.S. [read post]
16 Feb 2012, 9:48 am
Based upon Evola's report, MetLife and Prudential Life were the leading structured settlement annuity providers in 2011. [read post]
