Staking claims: unclaimed property update Q1 2013 *

USA - April 5 2013
April 2, 2013 - Yesterday's litigation developments in West Virginia and Kentucky put an exclamation point on the abundant activity occurring in the…

Co-authors: Steven Kass, Anthony Cicchetti, Irma Reboso Solares.

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States seeking to adopt new unclaimed property requirements *

USA - June 4 2012
Insurers’ unclaimed benefits practices continue to occupy state regulators, many of whom are introducing and adopting initiatives addressing their concerns.

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Is insurer’s use of retained asset accounts a breach of ERISA fiduciary duties? *

USA - March 20 2012
In two recent opinions, federal district courts came to conflicting conclusions on the issue of whether insurers of ERISA-governed employee welfare benefit plans breached their fiduciary duties when they retained and invested for their own profit the funds backing retained asset accounts (RAAs).

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No let-up in sight - continued scrutiny of unclaimed benefits practices *

USA - March 20 2012
All indications are that 2012 will bring continued scrutiny of insurers’ unclaimed benefit practices.

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Model Unclaimed Life Insurance Benefits Act adopted by NCOIL *

USA - November 28 2011
On November 20, 2011 the Executive Committee of the National Conference of Insurance Legislators ("NCOIL") approved the Model Unclaimed Life Insurance Benefits Act (the "Unclaimed Benefits Model Act"), which requires insurers to periodically review the Social Security Administration's Death Master File for deceased life insurance policyholders and retained asset account ("RAA") owners.

Co-authors: Steven Kass, Ann Black.

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