While a large portion of the segment focused on individuals who were incorrectly said to be deceased and the struggles they encountered – the aspect germane to unclaimed property compliance is the incompleteness of the DMF.
Keane was among the many professionals that presented or moderated sessions at the recent unclaimed property conference. Keane’s unclaimed property specialists served as panelists on four individual sessions that ranged across a variety of topics. As the most experienced team of unclaimed property professionals in the industry, we are extremely proud of our subject matter experts that were featured as key speakers or facilitators during the conference.
The start of each new year brings an increase in new legislation, as state legislators return from recess. From an unclaimed property perspective, 2015 has already seen a flurry of insurance beneficiary location bills being introduced. So far this year, six states have introduced legislation similar to the National Council of Insurance Legislators (NCOIL) Model […]
Public Corporations, Unclaimed Property Audit
In a new opinion released by the Delaware District Court hearing Temple-Inland, Inc. v. Cook, several challenges to current Delaware audit methodologies have survived motion by the State for dismissal, giving a boost to holders and holder advocates who believe current estimation and other audit methodologies run afoul of constitutional protections.
Compliance, Legislative Alerts, Unclaimed Property Law
On January 29, Delaware Governor Jack Markell signed into law Senate Bill 11 which enacts the less controversial recommendations of the Delaware Unclaimed Property Task Force (DETF). The DETF made nine recommendations in its final report issued in December, 2014. Senator Bryan Townsend, a co-chair of the DETF was the chief sponsor of SB 11.
