UPDATE 1-Six U.S. insurers to pay $1.83 mln for improper annuity-swapping -New York regulator
Six U.S. life insurers have agreed to
pay a total of $1.83 million for improperly causing customers to
switch their existing annuities to a different type that
generated less income, New York State’s financial regulator said
on Tuesday.
pay a total of $1.83 million for improperly causing customers to
switch their existing annuities to a different type that
generated less income, New York State’s financial regulator said
on Tuesday.
Posted by Reuters
