Tax & Accounting Blog

Breaking Developments: State Insurance Regulators Focus on Unclaimed Property

Three key regulatory events have occurred in the past week.  These events drastically change the landscape with respect to future unclaimed property compliance efforts. First, insurance regulators in Florida and California have issued subpoenas and are holding hearings to investigate industry wide practices into how life insurers handle unclaimed property. Second, California announced what … Read More

Alert: Indiana Unclaimed Property – New Enforcement Efforts

ALERT:  Indiana Unclaimed Property – New Enforcement Efforts Earlier this month, Indiana sent formal letter notices indicating that fines could apply under Indiana law for failure to timely report and remit unclaimed property.  Some of the letters suggested that monetary penalties were being assessed, and attached invoices.  The letters indicated that holders had 60 days … Read More