THE ILLINOIS DEPARTMENT OF INSURANCE IS ANNOUNCING A MULTI-MILLION DOLLAR SETTLEMENT WITH NATIONWIDE INSURANCE.
AGENCY SPOKESPERSON KIMBERLY PARKER SAYS ILLINOIS IS ONE OF SEVERAL STATES THAT’S BEEN INVOLVED IN AN INVESTIGATION INTO HOW LIFE INSURANCE BENEFITS ARE PAID.
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UNDER THE SETTLEMENT…NATIONWIDE HAS AGREED TO PAY SEVEN POINT TWO MILLION DOLLARS TO THE STATES INVOLVED…AND TO WORK HARDER TO TRACK DOWN SURVIVORS OF CUSTOMERS WHO HAVE DIED. THE STATE HAS ALREADY REACHED A SIMILAR AGREEMENT OVER WITH DEATH BENEFITS WITH METLIFE.