Insurance Commissioner Goodwin Signs Onto $40 Million Settlement: Individuals, Families, Businesses and Public Schools to Benefit

Insurance Commissioner Wayne Goodwin has entered into a $40 Million settlement with a group of MetLife insurance companies. North Carolinians will receive approximately $1 Million in the interstate settlement that may eventually be valued at $400 Million for consumers.

"This decision is further evidence of my strong support for consumers, whether they be individuals, families or small businesses," said North Carolina's Commissioner Goodwin.

He also stated:

“MetLife has agreed to improve its business practices in ways that enhance consumer protection and may benefit North Carolinians,” said State Insurance Commissioner Wayne Goodwin “And, as a result of this settlement, many life insurance beneficiaries may receive the benefits they’re owed.”

Benefitting from this decision will also be the public schools of North Carolina.

Goodwin is seeking re-election this year, and points out that over the course of his term he has saved consumers more than $1.3 Billion. "My November opponent, a perennial candidate, is closely aligned with the insurance industry, which makes me wonder where he'd stand on this," he added.

To learn more about the MetLife settlement, go to this link here or to this additional link.

And with it being an election year, you can follow Goodwin on Twitter, @WayneGoodwinNC, or via www.waynegoodwin.org over the coming months.

An Inspirational Story: WRAL-TV Highlights the Perseverance of Gloria Williams in her Fight Against Insurance Giant

Insurance Commissioner Wayne Goodwin and the Department of Insurance assist almost one hundred thousand North Carolinians every year with insurance complaints and concerns.

However, occasionally consumers fight the fight themselves. Most often they don't win on their own.

But one inspiring example of a consumer who fought an insurance giant and won is at this link to WRAL-TV's special coverage that aired on August 30th.... Or, you can watch the embedded news link accompanying this blog post.
As he told WRAL-TV,

"North Carolina Insurance Commissioner Wayne Goodwin deals with thousands of insurance complaints every year. He said he knows it can be daunting to face off with a big insurance company, but says Williams' case should serve as an example.

'It’s actually inspiring, encouraging. I’m glad that we had someone like her who did put her foot down and fought on this,' he said. 'Some folks give up, but I hope this is an example of what they should do. And that’s not give up.'”

God bless you, Gloria Williams!