Nine insurance companies were subpoenaed as part of an investigation in New York regarding the way these companies handled what is being called “abandoned property”. The purpose of the probe is to discover if the insurance companies are doing enough to find beneficiaries of life insurance policies. New York is one of thirty-five states that are questioning whether the insurance industry is actually doing what it is supposed to in regards to unclaimed life insurance benefits. This probe has been going on for several months now. When a person purchases a life insurance policy, that person is allowed to select … Continue reading →