Prudential stops distribution of policy sold through Wells Fargo

Send a link to a friend  Share

[December 12, 2016]  (Reuters) - U.S. insurer Prudential Financial Inc said on Monday it had suspended the distribution of a term insurance policy through Wells Fargo & Co, pending review of how the product was sold by the bank.

 

Customer responses did not indicate potential fraudulent activity, Prudential said in a statement.

(Reporting by Richa Naidu in Bengaluru; Editing by Anil D'Silva)

[© 2016 Thomson Reuters. All rights reserved.]

Copyright 2016 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top