Regulators in Massachusetts and New York State said yesterday that they are probing MetLife Inc. after the insurer revealed last week it had failed to pay pensions to potentially thousands of people, Reuters reported. MetLife said on Friday that it believed the group missing out on the payments represented less than 5 percent of about 600,000 people who receive a type of annuity benefit from the company via its retirement business. MetLife, which pledged to fully cooperate with regulators, said the standard way for finding retirees who are owed benefits is no longer sufficient. “While it is still difficult to track everyone down, we have not been as aggressive as we could have been,” MetLife said.
