California Controller John Chiang said 11 insurers will pay up to $763 million to in a multistate settlement over life insurance benefit payments, Bloomberg News reported Friday.

Aegon NV's (AEG) Transamerica unit will make the largest payment, about $275 million, Bloomberg reported.

Full story at http://www.bloomberg.com/news/2013-06-07/transamerica-among-insurers-in-763-million-settlement.html

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