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Business ProfileforMetLife, Inc.
At-a-glance
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Overview
Business Details
This is a multi-location business.
- Headquarters
- 200 Park Avenue, New York, NY 10166
- BBB File Opened:
- 8/11/1993
- 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
- MetLife Home Loans
- General American Life Insurance Company
- Metropolitan Life Insurance Company
- Business Management
- Mr. Steven J. Goulart, Executive Vice President and Chief Investment Officer, MetLife, Inc., and President, MetLife Investment Management
- Mr. Martin Lippert, Chief Operating Officer & Head of MetLife Holdings
- Mr. Michel A. Khalaf, CEO
- Mr. Tim Ring, Corporate Secretary
- Contact Information
Principal
- Mr. Michel A. Khalaf, CEO
- Additional Contact Information
Fax Numbers
- (212) 578-3320Primary Fax
- (212) 685-8042Other Fax
Phone Numbers
- (212) 578-2211Other Phone
- (212) 406-0720Other Phone
- (212) 578-3320
Customer Complaints
822 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
05/22/2023
- Complaint Type:
- Billing Issues
- Status:
- Answered
Customer Reviews
265 Customer Reviews
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Most Recent Customer Review
Xiafei Z
07/21/2024
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