A leading health benefits company was conducting unclaimed property in-house before they came to Boomerang Asset Recovery. Employing temps, they had searched 20 entity names on various state unclaimed property sites. After having recovered $800,000 in missing assets over the course of a year, they believed they had accounted for everything.
Some time later, a business associate introduced the company to Boomerang, which executed a more comprehensive search on nearly 300 previously unchecked entity names. That effort uncovered an extra $2 million in unclaimed property assets not identified by client’s initial in-house search process. A healthy addition to the client’s bottom line, indeed.