Prudential to pay $14 million in Minnesota over unclaimed benefits

  • Article by: Jennifer Bjorhus , Star Tribune
  • Updated: May 15, 2013 - 9:01 PM

A state settlement aims to recover unpaid death benefits.

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bannedmuggsMay. 16, 1312:57 AM

It would be interesting to know how much of the $13 million makes it to the beneficiary and how much gets escheated to MN. I'm guessing the state takes a huge chunk of this settlement. And since when is it the insurance companies responsibility to find the beneficiary. Again, go after the big bad insurance company and take all responsibility off of the beneficiary. The deceased should have had things in order prior to death so people knew what role they played. What a joke.

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verdepatoMay. 16, 13 4:16 AM

once again government has proven that they do not care how or whos money it takes The hunger cannot be shut off

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franknjackMay. 16, 13 7:34 AM

Sad to read comments in defense of Prudential. You think they don't have a responsibility to find the beneficiaries, and you blame the deceased? Wow. The government has done a good thing here and done one of the things that government should do, yet you criticize because it's the big, bad government. If you were one to receive a check as a result from this, you'd feel differently, but because it's not you, you're against it.

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franknjackMay. 16, 13 8:46 AM

verdepato--The government only gets the money if the beneficiaries can't be found.

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plaqueMay. 16, 1310:19 AM

The hatred towards government here is astounding. Prudential doesn't do it's due diligence in finding beneficiaries and it's the fault of government? I know the face of government to many is waiting too long in line at DMV. This is just one example of how the behind the scenes folks are keeping companies honest. You have no idea how bad you would be getting screwed if big brother wasn't watching the financial industries. Hats off to the Commerce department.

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