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Policy holders of Met Life in Florida will be paid up to two hundred million. The company has been fined forty million for not initiating payments on life insurance policies when it knew policyholders had died. the company got the information from the US Government and used it to stop sending annuity payments to customers, but it never bothered to try and contact life insurance policy beneficiaries and send them what they were owed. CFO Jeff Atwater says there is no way the action was unintentional.

“Now, how do you even say it with a straight face. That a company the size of the ones we are talking about didn’t know how to use that information properly. So I think its been egregious, and I think this is a significant penalty they will now pay” says Atwater.

The state will receive four million of the forty million dollar fine to cover its investigative costs.