1 option
Not Paid.
- Format:
- Video
- Series:
- Academic Video Online
- 60 Minutes
- Language:
- English
- Subjects (All):
- Verus Financial.
- Finance.
- Administration of Justice.
- Financial settlements (Law).
- Insurance industry.
- Local Subjects:
- Verus Financial.
- Finance.
- Administration of Justice.
- Financial settlements (Law).
- Insurance industry.
- Genre:
- News story
- Physical Description:
- 1 online resource (14 minutes)
- Place of Publication:
- New York, NY : Columbia Broadcasting System (CBS), 2016.
- Language Note:
- In English.
- System Details:
- video file
- Summary:
- A report on how audits of the nation's biggest insurance companies have uncovered a systemic practice of insurers not paying benefits on millions of policies, even when the insurance companies knew the policyholder was deceased. Although twenty-five of the nation's biggest life insurance companies agreed to pay out over seven and a half billion dollars, about thirty-five insurance companies have not settled, and remain under investigation for not paying when the beneficiary was unaware there was a policy. Includes interviews with: Kevin McCarty, insurance commissioner of Florida; Joseph Bigony, West Virginia native and beneficiary on his sister's insurance policy; Jeff Atwater, chief financial officer of Florida; Jeff Drubner and Jim Hartley, co-founders of Verus Financial; Betty Yee, California state controller; Ken Miller, Oklahoma state treasurer; Steve Weisbart, senior vice president and chief economist for the Insurance Information Institute Also includes comments by: John Perdue, West Virginia state treasurer.
- Notes:
- Title from resource description page (viewed December 11, 2023).
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.