Three insurers have sued Illinois Treasurer Mike Frerichs over an attempt to seek records on life insurance policies.
Frerichs said an audit was sought to find unpaid death benefits because returning unclaimed property is part of his office’s mission. Frerichs says beneficiaries might be unaware policies exist. The information received would be checked against a federal death database.
The lawsuit filed last week in Sangamon County argues the treasurer doesn’t have such authority; benefits are paid if there’s a claim and proof of death.
The insurers are Chicago-based Kemper Corp. subsidiaries: United Insurance Company of America in Illinois, Reserve National Insurance Company in Oklahoma and The Reliable Life Insurance Company of Missouri.
Kemper said in a statement that it’s paid valid claims and followed state law for years.
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
WTW Sues Former Yacht Team, Howden US Over Defection 
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino 
