MetLife: Difference between revisions - Wikipedia


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It was the first national insurer in the United States to offer identity-theft resolution services at no extra premium and {{as of|2012|lc=y}} continues to do so today in most United States states.<ref name=IDTheft>{{cite news|last=Edsall|first=Noel|title=New Coverage: ID Theft Insurance|url=https://www.npr.org/templates/story/story.php?storyId=4563985|access-date=September 9, 2010|newspaper=NPR|date=March 28, 2005|url-status=live|archive-url=https://web.archive.org/web/20060717020515/http://www.npr.org/templates/story/story.php?storyId=4563985|archive-date=July 17, 2006}}</ref><ref name=ContinCoverage>{{cite journal|journal=Insurance Journal|date=April 2010|url=http://www.insurancejournal.com/news/national/2010/04/01/108597.htm|title=MetLife Auto & Home Adds Tax-Related Identity Theft Service|access-date=March 14, 2011|url-status=live|archive-url=https://web.archive.org/web/20100404071305/http://www.insurancejournal.com/news/national/2010/04/01/108597.htm|archive-date=April 4, 2010}}</ref> In 2010, MetLife Auto & Home began offering their GrandProtect plan in most states. This GrandProtect policy simplifies complex insurance needs by combining a client's home, valuable items, autos, RVs, and boats into one comprehensive policy package. The ultimate benefits to the consumer are having one bill, only one deductible, comprehensive coverage, and typically lower rates than trying to get each policy individually.<ref name=GrandProtect>{{cite web|title=Coverage from MetLife Auto and Home Insurance|url=https://www.metlife.com/individual/insurance/auto-insurance/index.html|publisher=MetLife|access-date=November 20, 2014|url-status=live|archive-url=https://web.archive.org/web/20141105015116/https://www.metlife.com/individual/insurance/auto-insurance/index.html|archive-date=November 5, 2014}}</ref>

On December 11, 2020, Farmers Insurance Group, which is owned by Zurich Insurance agreed to purchase MetLife’s auto and home insurance business for $3.94 billion. At the time of announcement, MetLife auto and home was 18th largest auto insurer in the U.S, with a presence in all 50 states writing $2.4 billion in auto premiums in 2019. [[Farmers Insurance Group]] completed it'sits purchase of MetLife's auto and home books of business on April 8, 2021. As part of the transaction, Farmers secured a 10-year marketing agreement with MetLife to offer Farmers products on MetLife’s group benefits platform, currently serving over 3,800 employers and 37 million employees of the companies utilizing MetLife to provide employee benefits. Farmers acquired MetLife policies as is, with no immediate intentions on changing the policy terms of existing MetLife customers to match those of current Farmers policies.{{citation needed|date=July 2021}}

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