Are Your Unclaimed Property Operations in Good Health

All states require insurance providers comply with unclaimed property laws. Multiple states have proposed/adopted the National Conference of Insurance Regulators (“NCOIL”) model law or a similar requirement. A truly healthy unclaimed property operational process is not only compliant, well controlled, efficient and cost effective, but addresses common challenges such as legacy technologies, poorly integrated acquisitions, and data completeness and quality.

Jon Berry, Managing Director and James Ouellette, Director in Navigant’s Insurance and Investment Management practice, review key considerations and provide recommendations when determining if your unclaimed property operations are in good health.

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