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Saturday
Feb022013

Class action lawsuit filed against John Hancock for unpaid life benefits

John Hancock is the first of what is sure to be many insurance companies with a class action lawsuit filed for not paying out life insurance benefits when the policy holder died.

The suit comes after an investigation into the practices of many major insurers and the money they remit to the state unclaimed property site. What was found, was the insurers were using the Social Security Death Index to determine when an annuitant died and they could stop making payments. However, they were not using the very same database to determine when a policy holder died and they needed to make a payment to the beneficiary.

Now, a class action lawsuit has been filed on behalf of the people who have been affected by this. This article gives the details. This is a good time to update your beneficiary contact information. In some cases, the person may have already died or it may be an ex-spouse or some other person that you don't want to receive this payout.

Friday
Jan252013

$58 billion unclaimed: Is some of it yours?

Journalist Melanie Hicken does an indepth report on on CNNMoney about some of the many places that you may have missing money. Read the article and find out where to search.

The information about foreclosures is especially useful.

http://money.cnn.com/2013/01/24/pf/unclaimed-money/

Wednesday
Dec052012

$3 billion in unclaimed property available for NY's hardest hit areas

NY has nearly $3 billion in unclaimed property available for residents and businesses in Staten Island, Long Island, Brooklyn and Queens. People just need to know about it and then look. If you used to live in any of these areas, some of the money might belong to you. It's free to search and free to claim. You can check any state you've ever lived in by going to www.unclaimed.org.

http://www.nbcnewyork.com/investigations/I-Team-Billions-of-Unclaimed-Cash-tied-to-Hard-hit-Sandy-Neighborhoods-182092831.html

Sunday
Sep162012

Kenya is the first country in Africa with unclaimed property program

So it's off to a slow start. Big deal. At least it's a start. It's leading the way. It takes time to get it up and running. The great thing is people will be able to get their money back that they forgot about. 
I'm certain that other countries in Africa will eventually follow. 

http://www.standardmedia.co.ke/?articleID=2000066260&story_title=State-blamed-for-slow-implementation-of-key-law

Sunday
Sep162012

Jamaica makes unclaimed funds available

Slowly but surely, the world is giving money back to the people it belongs to. Jamaica is the latest country to make the forgotten bank accounts available to the owners. The only downside is they are listed by account number. But at least it's a start. It's more than they had before.
http://www.onlinecounsellingjamaica.com/money-in-dormant-accountsunclaimed-bank-balances-jamaica/