James J. Ouellette

May 29, 2024 | guidehouse.com | Jonathan Berry III |James J. Ouellette |James Moore

The financial strain of the pandemic and its aftermath is prompting states to broaden and hasten unclaimed property examinations and enforcement, tightening exemptions and shortening dormancy periods to mitigate budget shortfalls. While this increased focus on regulatory compliance is not new to insurers, rapid advances in machine intelligence to detect non-compliance are intensifying the need for sophisticated, data-driven methodologies to fulfill unclaimed property obligations.

Jul 27, 2023 | guidehouse.com | James J. Ouellette

The Delaware secretary of state mailed Voluntary Disclosure Agreement (VDA) notices to select corporations on July 14, 2023. If your firm received a notification, are obligated to escheat Unclaimed Property to Delaware, or your corporation or subsidiaries are incorporated in the State of Delaware, Guidehouse encourages clients to understand the potential benefits of enrolling in the program.