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 [...]
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 [...]
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 [...]
UPRR's Jennifer Borden Addresses Public Co. Unclaimed Property Risk with CFO Journal (video)
Post by: Karen Anderson
In an interview for the CFO Journal last month, UPRR’s Executive Vice President and General Counsel Jennifer Borden explained the unclaimed property risks faced by public companies and the online viagra impact on shareholders. Some of [...]
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 [...]
NY Legislature Sends Governor Bill Creating "Lost Policy Finder" Service
Post by: Karen Anderson
On Friday, December 7th, the New York legislature sent AB 9845 to Governor Andrew Cuomo for approval. The bill adds the provisions of emergency regulations announced in May to New York’s insurance law which [...]
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 of [...]
State of New Jersey Requests the Supreme Court Review Gift Card Decision
Post by: Karen Anderson
The New Jersey Treasury Department has petitioned the U.S. Supreme Court requesting that they review and adjust the rules regarding which state may take claim to the value of unused gift cards. In Summer 2010, [...]
Contact Us
