The Ultimate Guide to Finding Unreported Deaths in the Insurance Industry

Insurance companies deal with a variety of challenges when managing their policyholders (life, long term care, PRT, structured settlements, annuities), with inaccurate or missing participant data being the most impactful. Incorrect information affects how insurance companies communicate with policyholders, accurate forecasting of risk, overfunding reserves, interest penalties, and overpayments. Plus, [continue reading]

2024-09-16T16:26:08-05:00August 30, 2024|CertiDeath, Death Audit, Insurance Industry|

Over a Billion in Overpayments Annually by Pension Plans

Can you afford to pay dead participants? Analysis of the federal government’s coronavirus stimulus payments indicate up to $1.4 billion in payments were sent to dead people. The overpayments were a function of two elements: no formal process was utilized to identify deceased persons and it doesn’t appear the federal [continue reading]

2024-09-16T16:27:57-05:00August 30, 2024|CertiDeath, Death Audit, Pensions|
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