Eric Schneiderman, New York’s attorney general, sent subpoenas to nine Tier 1 life insurers now under investigation for practices in identifying and processing claims for deceased policyholders, according to reports. Units of AXA SA, Genworth Financial Inc, Guardian Life Insurance Co. of America, Manulife Financial Corp, Massachusetts Mutual Life Insurance Co., MetLife Inc., New York Life Insurance Co., Prudential Financial Inc., and TIAA-CREF made the short list of life insurers under question, according to the Wall Street Journal, which broke the story.
A spokesman for Guardian told Reuters that it is reviewing the subpoena and intends to "cooperate fully” with the attorney general.
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