Business ProfileforMet Life Financial Services
At-a-glance
Related Categories
Overview
Business Details
- Location of This Business
- 50 Glenmaura National Blvd Ste 302 Glenmaura Plaza -, Moosic, PA 18507-2137
- Headquarters
- 200 Park Avenue, New York, NY 10166
- BBB File Opened:
- 3/24/2000
- Years in Business:
- 156
- Business Started:
- 3/24/1868
- Licensing Information:
- On March 31, 2014, the New York State Department of Financial Services (DFS) announced that MetLife will pay $60 million for Insurance Law and other violations at its subsidiaries ALICO and DelAm, which it acquired from AIG in 2010. Investigations by DFS and the Manhattan District Attorney’s Office uncovered that those subsidiaries solicited insurance business in New York without a license and made intentional misrepresentations and omissions to DFS about those activities. Of the $60 million, a $50 million fine will be paid to DFS and $10 million will be paid to the Manhattan District Attorney’s Office. MetLife has also agreed to fully cooperate with DFS’s investigation concerning Insurance Law violations by AIG, ALICO, and DelAm, and other AIG subsidiaries and affiliates related to conduct prior to MetLife’s acquisition. That investigation remains ongoing and is not resolved. DFS is further requiring that MetLife take immediate steps to come into compliance with New York Insurance Law. The agreement requires licensing by DFS of the insurers and agents operating out of New York. ALICO and DelAm will be prohibited from, among other activities, underwriting, binding, or negotiating the terms or conditions of an insurance policy or contract – or advertising – in New York on behalf of alien or foreign insurers while they work to come into compliance with New York Insurance Law.
- Type of Entity:
- Corporation
- Alternate Business Name
- Metropolitan Life Insurance Co.
- Business Management
- Mr. Glen Smith, Agency Manager
- Contact Information
Principal
- Mr. Glen Smith, Agency Manager
Customer Contact
- Mr. Glen Smith, Agency Manager
- Additional Contact Information
Fax Numbers
- (570) 961-5008Other Fax
- (570) 454-8690Other Fax
Phone Numbers
- (570) 454-3504Other Phone
- (570) 961-5008
Local BBB
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