(Reuters) - The Department of Financial Services said on Monday it has fined insurer Metlife Inc $19.75 million for violating New York insurance law by failing to properly locate and pay benefits to thousands of people it insured in New York.
The insurer has also been ordered to pay retroactive benefits to policyholders in New York State and elsewhere totaling more than $206 million, of which the company has already paid $123 million, the regulator said in a statement https://on.ny.gov/2RYoYUf.