Galvin reaches $1 million settlement with MetLife for Mass. pensioners

METLIFE INC., also known as the Metropolitan Life Insurance Co., its Manhattan headquarters shown above, has agreed to pay a $1 million fine and restitution costs to Massachusetts pensioners who were supposed to receive payments from the company after they were wrongly designated as “presumed dead.”/ BLOOMBERG FILE PHOTO/DANIEL ACKER
PROVIDENCE – Insurance giant MetLife Inc. has agreed to pay $1 million and other costs to settle allegations that the company wrongly designated hundreds of retirees and beneficiaries in Massachusetts as dead and didn’t provide them with pension payments. Mass. Secretary of the Commonwealth William F. Galvin said his office reached a consent order with…

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