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Friday, February 10, 2012

prudential insurance death claims

prudential insurance death claims : Prudential, based in Newark, New Jersey, will phase in enhanced search practices over three years, it said in an e-mailed statement. Since 1998, the company said it has made matches by comparing policyholder records against a Social Security Death Master File. It will expand use of the data by matching records against the master file on a monthly basis, according to the statement.

Prudential Insurance Co. of America agreed to pay $17 million as part of a multistate settlement over death benefits when an insured person dies and no claim is filed.

The settlement was announced today by Florida insurance regulators and the state’s attorney general. Prudential will build a system to match data and search for beneficiaries if they find a match, and to do the matches more often, according to a statement.

Twenty states must sign the agreement by March 31 for it to take effect, according to the statement. Seven states have joined so far: Florida, California, Illinois, Pennsylvania, New Hampshire, New Jersey and North Dakota. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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