2015

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Unclaimed Property Auction Results: $73,000

Search Your Name at IllinoisTreasurer.gov SPRINGFIELD — Bidders paid $73,000 for 8,000 pieces of commemorative coins, jewelry and baseball cards in the state’s unclaimed property auction, Illinois Treasurer Michael Frerichs’ office said today. The week-long online sale closed Friday. Winning bids included an Engelhard 10-ounce gold bar, sold for 12,052 dollars, and a 1923-D Saint-Gaudens Double Eagle gold coin, sold for 1,391 dollars. A collection of baseball cards sold for 467 dollars. The collection included a 1967 Topps Mickey Mantle card, a 1966 Topps Sandy Koufax card, and a 1982…

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Online Auction for Unclaimed Property

Online Auction November 30-December 4, Sale Preview Underway SPRINGFIELD — Commemorative coins, gold pieces and jewelry are among the 8,000 items worth $70,000 to be auctioned Nov. 30- Dec. 4, Illinois Treasurer Michael Frerichs said today. “Our unclaimed property team works hard to return valuables to their rightful owners,” Frerichs said. “If the property goes unclaimed for 10 years, the items are auctioned to make room for incoming unclaimed items.” Items include an Engelhard 10oz gold bar; a 1923D Saint Gaudens Double Eagle gold piece; a 1967 Mickey Mantle Topps…

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Kemper Companies Sue to Block Audit to Confirm Payment of Life Insurance Policies

Audits of Other Life Insurance Companies Identified More than $195 Million Owed to Grieving Families SPRINGFIELD — Three Kemper insurance companies sued State Treasurer Michael Frerichs to block an audit that would identify life insurance policies belonging to people who have died but the benefits have not been paid to their loved ones. Since 2013, most insurance companies under audit by Illinois have complied with requests to review records. The audits have identified more than $195 million in previously unpaid life insurance benefits and annuities. The insurance companies and Frerichs’…

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Rating Agency Upgrades Illinois 529 Ranking

CHICAGO — Illinois Treasurer Michael Frerichs announced today that Illinois’ Bright Directions College Savings Program is among the best in the nation, according to Morningstar. Morningstar, which evaluates and rates college savings plans, released its results Tuesday, rating Bright Directions a “Silver-Rated Fund”. According to Morningstar, Bright Directions is now one of the two highest-rated advisor-sold plans in the country. “We are always looking for ways to provide investors with the highest quality investment options for the best value,” Treasurer Frerichs said. “We are grateful to see Morningstar’s improved rating…

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Treasurer Frerichs Seeks to Return $4.2 Million in Unclaimed Money to Retailers

SPRINGFIELD — Illinois Treasurer Michael Frerichs today announced a partnership between the state’s ICash program and the Illinois Retail Merchants Association (IRMA) to facilitate the return of recovered cash and assets to retailers. The Illinois Treasurer’s Office has identified nearly 1,000 companies with $25,000 or more in unclaimed property, totaling more than $80 million. Among these, IRMA has helped identify 63 companies from the retail industry with nearly $4.2 million in property to claim. Through this new partnership, the Illinois Treasurer’s ICash program is teaming with IRMA to encourage retailers…

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