Seeking Alpha

MetLife to pay $60M over violations

  • New York's Department of Financial Services charged MetLife (MET +0.8%) subsidiaries ALICO and DelAm with using Manhattan-based personnel to solicit business even though neither company was licensed to do so in New York. Both units were purchased from AIG in 2010, and there is an ongoing investigation of that company and the subsidiaries before the sale.
Comments (2)
  • CapVandal
    , contributor
    Comments (388) | Send Message
     
    $60 million is not an alarming number for a company the size of either Met Life or AIG.

     

    There were periods in 2008 when AIG was losing more than $60 million per day.

     

    Now that is a big number.
    31 Mar 2014, 03:36 PM Reply Like
  • Fanebrb
    , contributor
    Comments (631) | Send Message
     
    Exactly.
    2 Apr 2014, 02:58 AM Reply Like
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