Insurers Caught Red-Handed in Unpaid Benefits Probe

The life and retirement segments at Genworth Financial (NYSE: GNW  ) , Hartford Finanical (NYSE: HIG  ) , and ING (NYSE: VOYA  ) 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.

One insurer you might be surprised to learn wasn't named in the settlement: American International Group.

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  • Report this Comment On June 19, 2013, at 10:33 PM, character1 wrote:

    Hopefully people will read the above article as well as my petition on Change.org that outlines what occurred here in Biltmore Park Town Square on a Hartford Insured property in NC.

    http://www.change.org/petitions/biltmore-farms-llc-jack-ceci...?

    Looking at the CEO and governing board of a company, especially when wrongdoing occurs, provides for possible answers. To date, the CEO of Biltmore Farms and Hartford Insurance have not been able to stand up and admit their mistakes, make amends, and provide assurance that changes have been made to prevent recurrence.

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