We estimate that companies underreport unclaimed property by nearly $3 billion a year. Companies have an obligation to turn unclaimed property over to states, who hold it in until the rightful owner is identified.
Verus provides state unclaimed property departments with technology-driven auditing and recovery services.
We currently serve the needs of 48 state unclaimed property departments. Working with these agencies, our efforts have led to the identification and return of over $8 billion of previously unreported unclaimed property directly to U.S. citizens.
Verus specializes in unclaimed property audits of large, complex corporations. We typically represent dozens of states in audits that require an in-depth forensic investigation, the analysis of massive amounts of individual account data, and a deep understanding of the relevant regulation. Our ability to conduct these audits is due to our cutting-edge technical capabilities and deep bench of auditors, analysts, and attorneys.
When we began operations in 2007, our initial focus was on the life insurance industry. Our efforts eventually led to the identification and return of billions of dollars of previously unpaid death benefits to millions of families.
Want to learn more? Our success in the life insurance industry has been covered in the press by 60 Minutes, the Wall Street Journal, and Life & Health National Underwriter.
The Lives We Changed
We’ve helped states recover billions of dollars in unclaimed property for millions of families. Very often, these funds are life changing—check out some of their stories.
Interested in learning more about Verus Unclaimed?
Contact us at firstname.lastname@example.org