MetLife - Media
- 1993 1003- Tampa Bay Times - The Mess with MetLife, by Robert Keefe, Times Staff Writer -
- 1994 0101 - News-Press - [link-Newspapers.com]
- p11 - MetLife Sales Pitch Turns Sour, New York Daily News -
- p11 - Company Admits Brochures Misled Potential Investors, New York Daily News
- 1994 0106 - WSJ - Met Life Got Caught; Others Sent Same Letter, by Greg Steinmetz --- [BonkNote] --- <WishList>
- 1994 0603 - The Tampa Tribune - Fired Exec Urso Sues MetLife, by Cheryl Jackson - [link-Newspapers.com]
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Former Metropolitan Life Insurance Co. manager Rick Urso sued the company, executives and former sales representatives Thursday, claiming MetLife reneged on a $1 million severance agreement and instead made him into a public scapegoat.
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The company is using Urso as a scapegoat, promoting or rewarding other managers who used similar sales techniques, Weinberg said.
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"He was the No. 1 manager. He was a role model. His face was on the cover of brochures. Now they say they didn't understand what his techniques and approach were?"
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- 1994 0628 - Tampa Bay Times - MetLife agrees to pay $2.5-million -
- Metropolitan Life Insurance Co. has agreed to donate $2.5-million to charity as part of an expanded settlement with Florida regulators over its marketing practices, state Attorney General Bob Butterworth said Monday.
- A joint investigation by the attorney general and the Florida Department of Insurance found that the New York-based insurer deceptively marketed whole-life insurance as a retirement or savings plan.
- The insurer already has paid Florida $4.3-million in fines and legal fees as part of a settlement reached in March with more than 40 states.
- Under the agreement announced Monday, MetLife will pay $2.35-million in the next two years for programs aimed at combating youth and family violence and $150,000 to prevent fraud against the elderly, Butterworth said.
- The company will work with the Attorney General's Office, school boards, and law enforcement and social service agencies to develop school-based programs to prevent violence, Butterworth said.
- MetLife, the nation's second biggest life insurer, did not admit wrongdoing under the settlement. MetLife spokesman Charles Sahner said the latest settlement resolves all outstanding issues with Butterworth.
- "The agreement puts to rest the investigation and puts it behind us," Sahner told the Associated Press.
- 1995 1120 - The Tampa Tribune - MetLife Case Became Too Much for Whistleblower - [Kirby Grayson], by Cheryl Jackson --- [BonkNote]
