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May 03, 2011

Life Insurance Carriers Targets of Investigations From Florida to California.

   With the headline, "Are Some Life Insurers in Florida Purposely Avoiding Paying Out On Policies of Deceased?", Robert Trigaux of the St. Petersburg Times Venture Blog poses this question based on reports of investigations by State Regulators from California to Florida:

If this is true, it's one of the more despicable schemes out there. Florida and other states are investigating whether some of America's largest life insurers are failing to ensure that they pay out on policies of deceased customers.

Robert Trigaux, Venture Blog, posted April 28, 2011.  The source of the story?  The Wall Street Journal.  Investigation confirmations reported in the Blog from the Florida Office of Insurance Regulation (Florida Department of Insurance) and from another report in the Wall Street Journal. 

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Posted by on May 03, 2011 at 04:35 AM in Life Insurance |

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