Keane's Unclaimed Property Blog
California State regulators recently launched a pilot program to target companies who are being accused of intentionally withholding unpaid wages from former employees.
Keane was recently rated the number one provider of lost shareholder search and asset recovery services by consulting and corporate services research company, Group Five. This marks the fifth consecutive year that Keane received the highest rankings. Keane received the highest client loyalty ratings and the highest issuer loyalty rating at 95% favorable, an increase of […]
The Delaware Unclaimed Property Task Force has postponed the scheduled meeting for today, Tuesday, October 28, 2014. As previously noted here on our blog, the task force was created as a result of the passage of SCR 59 which requires the newly created task force “to inquire into, examine, study and make findings and recommendations […]
Seemingly empowered by the audit of the life insurance industry, unclaimed property auditors have turned their attention to the mutual fund industry with a focus on identifying Individual Retirement Account (IRA) owners who may have died. Massachusetts State Treasury Requests National Records In recent months, the Massachusetts State Treasury has demanded mutual fund records in […]
Last month, the department of insurance in Louisiana issued Advisory Letter 2014-04 outlining the state’s position to all life and annuity insurers’ obligations regarding the use of the Death Master File for determining deceased insureds. In the letter issued on September 5, 2014, the Louisiana Department of Insurance (LDI) acknowledged that there are no Social Security Death […]