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 [...]
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 [...]
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 [...]
Life Insurance Death Benefits Class Action Suit Targets John Hancock Companies
Post by: Karen Anderson
On January 30th, a class action lawsuit was filed in the Boston federal court by plaintiff Richard Feingold of Lake County, Illinois, against John Hancock Companies. The lawsuit was filed as a result of Hancock’s [...]
Montana Legislature to Consider Life Insurance – Death Master File Match Requirements Bill
Post by: Karen Anderson
The Montana legislature is drafting a bill which, in current form, would require a life insurer to perform a comparison of life insurance policies, annuity contracts, and retained asset accounts that are in force against [...]
Proposed Federal Gift Card Legislation Tightens Expiration Date and Inactivity Fee Restrictions
Post by: Karen Anderson
Recently, Sen. Richard Blumenthal (D-Conn.) announced the introduction of a bill entitled, “The Gift Card Consumer Protection Act” which amends federal laws such as the Electronic Funds Transfer Act of 1978 and has implications for [...]
"RIghtful Owners" Extends UPRR's Owner Location Services to London
Post by: Karen Anderson
UPRR now offers its owner location services in the United Kingdom through its new subsidiary, Rightful Owners, Ltd., located in London. Rightful Owners assists in the identification and location of UK investors and/or heirs achat [...]
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