- New York regulators reportedly want AIG (AIG) and MetLife (MET) to pay over $100M between them to resolve civil and criminal investigations into whether two life-insurance units that the latter bought from MetLife in 2010 for $16B lacked the requisite licenses and supplied misleading information.
- Both companies would probably contribute to the penalty. The units are Alico and Delaware American. (Previous)
AIG, MetLife could face fines of $100M+ over unit permits
Nov 10 2013, 02:51 ET