JEFFERSON CITY, Mo. (AP) — Missouri will receive more than $700,000 from a settlement between states and MetLife Inc.
Missouri's insurance department says the settlement with MetLife resolves allegations that it did not make adequate efforts to identify and pay beneficiaries of life insurance policies.
The settlement calls for MetLife to pay $40 million to states for their examination, compliance and monitoring costs. The state insurance department says Missouri's share of that will be about $730,000.
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