Big Insurance Companies Settle In Broker Kickback Case

MetLife, Prudential and Unum Insurance have settled with the San Diego DA’s office over their alleged payments in the hundreds of thousands to an insurance broker to send business their way. Universal Life Resources (ULR) was contracted to get the best insurance value for life, disability, and health insurance by large businesses for their employees. Instead, the suit claims, ULR got payments to funnel business to the insurers. The settlement calls for the insurers to pay a total of $1.1 million, which will fund more public enforcement of fair competition cases.

DA Announces $1.1 Million Settlement With Insurance Companies Accused of Secret Payments (PDF) [Press Release]

(Photo: Getty)

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