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
Every company has its core competencies and most likely if you are an insurance company, your expertise has something to do with insurance and not necessarily data processing. Having said that, many organizations will consider performing Death Master Processing for … Continue reading
With recent state mandates and audits on the rise, the following steps will help insurance companies who want to ensure compliance with these newly passed death matching requirements. Assign an Internal Champion and Get Informed: Each company needs a dedicated … Continue reading
Cross Country Computer
250 Carleton Avenue
East Islip, NY 11730-1240
Phone: (631) 851-4234
Inquiry@CrossCountryComputer.com
