MetLife Inc. (MET) halt sales of long-term care insurance

NEW YORK (Dow Jones)--MetLife Inc. (MET) said Thursday it will halt sales of long-term care insurance, a type of coverage that has repeatedly flummoxed insurers and forced some to pay significantly more in claims than they expected. MetLife is among the bigger sellers of the coverage, with about 600,000 policyholders among the eight million who have long-term care insurance in the U.S., according to the company and an industry trade association. MetLife joins a parade of insurers that have exited the business rather than try to fight for customers in the small, but tricky, market.