The United States’ largest life insurer is suffering up to $275 million in charges, with possibly half of the costs resulting from death master file-related lapses in coverage, and another large portion for ballooning catastrophe losses.
MetLife reported in a Form 8-K that between $115 million to $135 million in claims are due but have not yet been provided to deceased group and individual life insurance certificate holders, as well as other contracts related to the U.S. Social Security Administration’s death master file, which lists the name of every Social Security number holder who has died.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access