Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Also note that:

    Due to the large volume of claims we receive and process,
    it may take up to 180 days to process your claim.


When we wrote this software, we tried hard to get a follow on contract to fix this 180 day problem using more automation. But, there was no budget, and the claims processors did not want to lose their jobs. We toured the location where they process the claims. They literally had piles of filing boxes containing the submitted claim forms in a secured room. I forget how many they do per day, but I remember being surprised at the volume. The site does many millions of searches per month...


Wow, that's insane. Spending $50m/year to notify people and process these claims could easily be justified given the sheer size of the assets being held.


Much of it will never be claimed (no matter how much effort is exerted). What is your reasoning for why that much expense would be justified?

The average per potential claimant ($6B / 17.6MM) is only about $340.


Are you sure they want the money to be claimed?




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: