Illinois Bill Increases Info to be Reported for Small Unclaimed Property Amounts
Post by: Karen Anderson
A bill recently passed the Illinois Senate that, if enacted, will cause businesses to report the name, social security number and last known address of owners of unclaimed property valued at $5.00 or more. The [...]
Will King Reports: New Case in Delaware Challenges Unclaimed Property Demand and Audit Methodology
Post by: Karen Anderson
A new lawsuit is once again exposing long-held concerns about certain aspects of Delaware’s aggressive unclaimed property audit program. Select Medical Corp., a Pennsylvania-based hospital and clinic operator, is challenging Delaware’s demands that it pay [...]
Court Upholds Retroactive Application of Kentucky Life Insurance Match Law
Post by: Karen Anderson
On April 1st, a county circuit court in Kentucky ruled against life insurers and upheld the new Kentucky Unclaimed Life Benefits Act requirement for life insurers retroactively to match life insurance policies to the Social [...]
Corporate Social Media Use Approved By The SEC
Post by: Karen Anderson
Corporate Social Media Use Approved by the SEC Earlier this week, the Securities and Exchange Commission (SEC) gave permission for the use of social media such as Facebook and Twitter to disclose key information so [...]
Nevada Legislature Considering Pro-Business Unclaimed Property Legislation
Post by: Karen Anderson
On March 18th, Senate Bill 355, a pro-business piece of legislation was introduced into the Nevada legislature. The bill contains several changes to the Nevada Uniform Unclaimed Property Act (the “Act”) that provide relief to [...]
Jennifer Borden Reports: Retailers Facing Unclaimed Property Issues Around Unclaimed Gift Cards
Post by: Karen Anderson
We’re a few months removed from the holidays and, once again, gift cards were one of the top gift items of the season. From Yankee Swaps to the last minute gift for your babysitter, it’s easy to [...]
Karen Anderson Reports: Pending Legislation in CA and TX May Have Significant Holder Impact
Post by: Karen Anderson
As state legislatures in many states are now in session, unclaimed property-related legislation is now being introduced across the country. To date, these proposals range from enacting the model Unclaimed Life Insurance Benefits Act (i.e., ND [...]
Jennifer Borden Reports on UK Efforts to Reach Clients Proactively
Post by: Karen Anderson
Last week I had the privilege of presenting at the International Transfer Agency Summit in Luxembourg. This conference is the seminal event for UK transfer agents who service the assets of millions of people in [...]
Register Now for the UP Risk Management Webinar Featuring Jennifer Borden & William King
Post by: Karen Anderson
Unclaimed Property – Responding to Your Growing Risk March 14th — 1pm – 3pm EST. 2 CPE Credits Cash-Hungry States Require You to Take a Proactive Approach towards Compliance! Corporations have become increasingly familiar with [...]
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