New law forces life insurers to find, pay more beneficiaries

Donna Delzingaro’s father died in 1990, but it wasn’t until decades later that she got a call from the state informing her that she and her sisters each had nearly $44,000 coming to them from a life-insurance policy on her dad.

“We were shocked,” said Delzingaro of Ormond Beach, who received the money in 2013. “My parents never told me there was a policy. I think they forgot about it themselves.”

Delzingaro is one of thousands of Floridians who have received a combined $362 million since a multistate probe found life-insurance companies were sitting on billions of dollars that should have gone to beneficiaries. About $122 million more awaits disbursement to beneficiaries who haven’t been located.

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