There is an old story about large numbers of government benefit checks piling up at Post Offices. Postal carriers, leery of mail theft in marginal neighborhoods, would hold checks rather than placing them in mail boxes. While this kept the checks out … Continue reading
Please see the below for an interesting article titled ‘Win for Life Insurer in Unclaimed Property Arena” which discusses Feingold v. John Hancock Life Insurance Co., No. 13-10185 (D. Mass.). This article opens by noting the scrutiny that has recently been … Continue reading
There have been many recent developments impacting the insurance industry. This discussion covers the following: May 3rd 2013 GAO audit report identifying gaps in the SSA DMF and Verus Financial’s comments on same. May 8th 2013 GAO testimony addressing the … Continue reading
Contact Tom Berger if you are an advocate, attorney or professional with insurer relationships that can benefit from our shared expertise. Requirements for using the Social Security Administration’s Death Master File (SSA DMF) to review insurer books and records in … Continue reading
A recent court case, “UNITED INSURANCE COMPANY OF AMERICA, THE RELIABLE LIFE INSURANCE COMPANY, and RESERVE NATIONAL INSURANCE COMPANY as Plaintiffs vs COMMONWEALTH OF KENTUCKY and THE KENTUCKY DEPARTMENT OF INSURANCE (Civil Action No 12-CI-1441)”, has reinforced the need for insurers to … Continue reading
As reported in LifeHealthPRO on Feburary 1st 2013 (http://www.lifehealthpro.com/2013/02/01/hancock-hit-with-unclaimed-property-lawsuit) , John Hancock has been named in a class action lawsuit concerning their practices relating to life insurance death benefit payments. The suit seeks damages for individuals who did not find … Continue reading
On January 29, 2013, New Mexico joined Vermont, Massachusetts and North Dakota and became the fourth state this year, the tenth overall, to propose legislation requiring regular use of the Social Security Administration Death Master File (SSA DMF). However, as with the other … Continue reading
The following is a legislative alert from our friends at Keane. Cross Country Computer views this information as a confirmation that fuzzy matching must be applied when performing death matching: “The cross-checks shall be performed using the social security number, the name, and … Continue reading
http://www.dmnews.com/ftc-orders-data-brokers-to-disclose-operations-information/article/273181/ The link above will take you to an interesting article that may impact insurer’s evaluation of the reliability of ‘deceased databases’ beyond the Social Security Administration Death Master File (SSA DMF). At times, we have been surprised to hear an insurer … Continue reading
New York State now requires that insurers match their policy data to the Social Security Administration’s Death Master File (SSA DMF). This emergency rule, which became effective June 14, 2012, “applies to (1) every policy issued by a domestic insurer … Continue reading
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East Islip, NY 11730-1240
Phone: (631) 851-4234
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