Florida searching for AIG insurance beneficiaries

People pass the AIG building, in New York, Tuesday, Jan. 8, 2013. American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the insurer. (AP Photo/Richard Drew)

People pass the AIG building, in New York, Tuesday, Jan. 8, 2013. American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the insurer. (AP Photo/Richard Drew)

TALLAHASSEE — Florida is seeking the rightful owners of $25 million in unclaimed life insurance benefits obtained through a settlement with American International Group Inc.

Chief Financial Officer Jeff Atwater said Wednesday that the 61,271 unclaimed accounts are the first batch of several expected to be turned over by AIG.

The settlement is the fifth that Florida has reached with national life insurers. In each case the company failed to use the Social Security Administration's Death Master File to locate life and annuity beneficiaries although many have used the file to stop making annuity payments.

Florida's Bureau of Unclaimed Property now will attempt to return the money to owners or heirs.

People can search for unclaimed property on the bureau's web page — www.FLTreasureHunt.org — or by calling 1-888-258-2253.

  • Discuss
  • Print

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.

Features