- Associated Press - Thursday, October 1, 2015

BATON ROUGE, La. (AP) - State Treasurer John Kennedy says routine audits of life insurance company policies have uncovered $35 million that should have been paid to Louisiana residents.

Kennedy, in a news release Wednesday, said the department recently paid $80,000 to a New Orleans widow who didn’t know her late husband had a life insurance policy.

Working with Versus Financial LLC, Kennedy’s office compares outstanding policies to the Social Security Death Master File. Kennedy says insurance companies often don’t make concerted efforts to locate heirs, resulting in unpaid policies.

The Louisiana Treasury has been conducting the audits since 2009.

So far this year, Kennedy says claimants have received $2.6 million from the policy audits.

Residents can search for missing money through the Unclaimed Property program at www.LATreasury.com or call toll free at 1-888-925-4127.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide