Tag: financial recovery

Impact of GM Bankruptcy on Retiree's Pension and Insurance Raises Industry Concerns

The bankruptcy of General Motors led to significant pension and life insurance losses for retirees like Ed Bambas, highlighting risks in retirement security and insurance coverage for veterans and former employees.

Louisiana Holds Over $900M in Unclaimed Property, Returns $70M in 2025

Louisiana's State Treasurer manages over $900 million in unclaimed property, including unpaid insurance benefits. Over $70 million was returned to residents in 2025, highlighting asset recovery opportunities.