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Editorial: Life insurers get a good push to pay

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Galleries Web links Too often, consumers are left with the sense that part of an insurance company's business model is to avoid paying out rightfully owed claims. A recent New York Department of Financial Services investigation uncovered just such a pattern of nonpayment and, hopefully, will spur significant progress to correct it. More than $1.1 billion in previously undistributed life insurance benefits has now been paid out to customers nationwide, almost $400 million of that to New York residents, thanks to a push by the state...

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