The federally chartered bank owned by
In April, MetLife said it wouldn't participate in the Treasury Department's Capital Purchase Program, saying it didn't require any help from the Troubled Asset Relief Program.
Chartered in 2001, MetLife Bank N.A. is one of 19 U.S. banks with more than $100 billion in total assets, making it mandatory for it to participate in the stress tests. MetLife was the only insurance company required to take the stress test.
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
Startup life insurance brokerage launched in 2021 adds new capability as it expands its reach of carriers and agents using the service.
Four strategies for insurance companies aiming to leverage AI's potential.
El Nino, which brings dry and hot weather to Southern Africa, has decimated harvests of corn across the region.
Insurers embedding coverage in other venues are finding the practice adds risks, and agents point to their value for interpreting coverage to policy buyers.
Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.
