Jonathan Berry III

May 29, 2024 | guidehouse.com | Jonathan Berry III |James J. Ouellette |James Moore

The financial strain of the pandemic and its aftermath is prompting states to broaden and hasten unclaimed property examinations and enforcement, tightening exemptions and shortening dormancy periods to mitigate budget shortfalls. While this increased focus on regulatory compliance is not new to insurers, rapid advances in machine intelligence to detect non-compliance are intensifying the need for sophisticated, data-driven methodologies to fulfill unclaimed property obligations.