In the intervening years other people pass similarly, without leaving word. The totals mount as companies hold onto the money. We don’t have to pay without a claim being filed, some say. But my questions is this: How do you file a claim on an asset you don’t know exists? That’s what we’ve been trying to answer since first taking legal action in 2012. And it appears we’re starting to get more cooperation. The Unclaimed Property Division has had reported $16.4 million in life insurance proceeds since 2012, more than five times the amount the office took in prior to that year. The $16 million total is of June 30. Contrast that with life insurance reported through 2012, prior to circuit court litigation: $3.8 million. In 2012 alone, life insurance companies reported $1.3 million or about one-third of all life insurance reported to that point.
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