CSC has expanded its business process services to include an unclaimed property resolution process, which is intended to help life insurers and annuity providers identify unclaimed policy benefits, optimize administrative operations and comply with state escheatment mandates.
“Resolving insurance unclaimed property is a labor-intensive process, and CSC’s industry specialists have the process discipline and experience to meticulously search, validate and document these requirements, as well as adjudicate the resulting claims,” said Michael Risley, president of CSC’s life insurance and annuity division. “CSC provides a scalable solution for both the initial massive cleanup assessments and the future periodic sweeps needed to maintain state compliance and avoid costly fines.”
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