Not Paid
60 Minutes - April 17, 2016
Audits of leading life insurance companies have uncovered a systematic, industry-wide practice of not paying significant numbers of beneficiaries. Lesley Stahl reports.
A decade ago, we set out to provide innovative analytic services that help state governments increase financial compliance and benefit their citizens. Today we find, save, or recover over half a billion dollars each year for dozens of government agencies and their citizens.
Our analytic, recovery, and audit solutions are typically turn-key, require no upfront costs, and are easy to integrate with existing systems. Since 2007, they have resulted in over $8 billion being recovered for our clients or returned directly to their citizens.
Verus is a data analytics company built on three core capabilities:
advanced technology, financial forensics, and legal expertise.
Big data and artificial intelligence technologies for analyzing massive amounts of data
Ability to identify, quantify, and verify funds owed or due to be reported to governments agencies
Ability to navigate complex legal and regulatory issues in a variety of domains
We have contracted with every state in the Continental United States,
plus Alaska and the District of Columbia.
We’ve helped states recover billions of dollars in unclaimed property for millions of families. Very often, these funds are life changing—check out some of their stories.
Do you know a company that's evading their unclaimed property responsibilities or tax obligations?
Audits of leading life insurance companies have uncovered a systematic, industry-wide practice of not paying significant numbers of beneficiaries. Lesley Stahl reports.