NU Online News Service, Oct. 21, 2004, 1:45 p.m. EDT
Standard & Poor’s Ratings Services says it doesn’t plan to take rating actions on any life and health insurance companies as a result of the recent investigations by the New York State Attorney General.[@@]
6 U.S. group life and health insurers rated by Standard & Poor’s, New York, have disclosed that they have been subpoenaed by the New York State Attorney General’s office seeking information on compensation arrangements between brokers and insurers.
The companies are MetLife Inc., New York, the largest U.S. group life insurer; UnumProvident Corp., Chattanooga, Tenn., the largest U.S. disability insurer; Aetna Inc., Hartford and CIGNA Corp., Philadelphia, two of the largest healthcare companies; Hartford Financial Services Group Inc.; and the U.S. operations of ING Group N.V., the Netherlands.