The life and retirement segments at Genworth Financial (GNW +0.24%), Hartford Finanical (HIG +0.58%), and ING (VOYA +1.64%) were among 11 insurers slapped with a new settlement for unpaid benefits. In the video below, Motley Fool contributor Jessica Alling discusses how the insurers misconduct lead to unpaid monies, how much the settlement is, and how investors should be looking at the situation.
Insurers Caught Red-Handed in Unpaid Benefits Probe
By Jessica Alling – Jun 19, 2013 at 3:24PM
NYSE: GNW
Genworth Financial
Market Cap
$3.5B
Today's Change
(0.24%) $0.02
Current Price
$8.44
Price as of October 31, 2025 at 4:00 PM ET
With a multitude of states involved, eleven insurers were caught withholding payments to customers.
About the Author
After receiving the prestigious, if not tongue-in-cheek, "Future Bloodsucker of America" award for winning a stock market challenge in middle school, Jessica knew that her future lay in finance. But when her Finance degree's P/E ratios and other metrics weren't enough, she added a degree in English to her repertoire. Though some questioned the combination, her work with the Fool has clarified the method to her madness to those that couldn't see the connection before. Oh, and she still has that award framed in her office.