Keane's Unclaimed Property Blog

Unclaimed Property (52 articles)

Unclaimed Property Insurance Update: Florida Announces Settlement

Insurance, Legislative Updates, Unclaimed Property

With states continuing to enforce the rules of unclaimed property, insurance companies are the clear current focus. The insurance website Life and Health National Underwriter reported last Wednesday that the Florida Office of Insurance Regulation (FOIR) had announced a settlement agreement with John Hancock Life Insurance Company.  As we shared in an earlier blog, this settlement stems […]

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Texas Unclaimed Property Rules – HB 257
Legislative Update From Keane – May 6, 2011

Abandoned Property, Abandoned Property Law, Legislative Updates, State Escheatment, Unclaimed Property, Unclaimed Property Law

On Tuesday, May 3rd, Texas substantially amended HB 257 proposing, among other things, to adjust the due dates for Texas unclaimed property rules, reporting, and delivery.  Previously, Texas’ reporting due date was November 1st with a cut-off date of June 30th.  The amended bill proposes a due date of July 1st with a cut-off date of […]

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Nevada Unclaimed Property: Uncashed Payout Checks Could Bring Millions

Abandoned Property, Escheatment, Unclaimed Property

March 30, 2011 Nevada unclaimed property, from casinos, could bring the state millions. When gamblers step into casinos, especially in Nevada, they’re looking to win big bucks. Typically, these gamblers don’t bother redeeming the low-value payout tickets dispensed from cashless slot machines or other electronic games. However, if they cashed in those tickets each time […]

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New York Abandoned Property Law Update – NY A4011 (S2811) Sent 4/5/2011 (Revised 4/7/2011, 5/24/11)

Abandoned Property, Abandoned Property Law, Unclaimed Property, Unclaimed Property Law

Please be advised that on March 31, 2011, New York passed the budget bill S2811, which replaced the identical New York Abandoned Property Law A4011. The new law, effective immediately and due with the next reporting cycle, provides the following: New York S2811 lowered the dormancy periods from 5 years to 3 years for the […]

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Idaho Passes Legislation which Alters Securities Reporting

Abandoned Property, Abandoned Property Law, Other News, Unclaimed Property, Unclaimed Property Reporting

Proposed on February 17, 2011 and passed on March 25, 2011, HB 174 marks the first major unclaimed property legislation passage of 2011. The bill makes two major changes to securities reporting in Idaho: (1) the dormancy trigger will now be a combination of inactivity and RPO, instead of pure inactivity, and (2) the requirements […]

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