Prudential Insurance Turns Millions of Dollars over to Wisconsin State Treasury
$1.5 Million Turned Over to State Treasury from Prudential Insurance
19 states will share more than $20 Million in proceeds to beneficiaries
(MADISON) Starting today, Wisconsin residents who believe they are the beneficiaries of a Prudential Insurance Company policy will be able to search the unclaimed property database and see if they are owed any money. Late last week, Prudential Insurance turned over more than $1.5 million in one of several payments expected through the end of 2012.
Prudential revamped its unclaimed property reporting practices to better cross-reference its policy database with public death records.
“Prudential is doing the right thing by ensuring those who are owed death benefits receive that cash,” State Treasurer Kurt Schuller said.
Prudential is currently cross-referencing millions of names in databases to make sure death benefits are sent to Unclaimed Property Units in California, Colorado, Idaho, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Montana, Nebraska, North Dakota, Oregon, Pennsylvania, South Dakota, Tennessee, Utah, Vermont, Washington and Washington, D.C. as well as Wisconsin.
The Wisconsin State Treasury has received 1078 names from Prudential and we have placed a spreadsheet with those names on our homepage, www.wismissingmoney.com. That spreadsheet will be updated at the same time our database is updated as Prudential continues to send more information to our office. Check www.wismissingmoney.com frequently.
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