Florida regulators must pay back some $25 million in unclaimed property to residents. In addition, the money has returned to the state in a settlement agreement with American International Group over AIG Florida life insurance settlement advantages. What Was The Issue? AIG consented to settle the case stemming from the Florida life insurance provider’s problem. Moreover, this problem arose from comparing policyholder lists. Furthermore, the comparison was made from the Personal Protection Death Excel at Register to uncover beneficiaries of existing insurance procedures. Regulators billed AIG’s troubles, resulting in thousands of residents not knowing they were due insurance benefits. Farther […]
The AIG Florida Life Insurance Settlement Is A Win For Policyholders
