Since the release of the 2005 Unclaimed Property listing on April 19, more than 10,000 Rhode Islanders have contacted the Unclaimed Property Division. According to General Treasurer Paul J. Tavares, the division has never received such a large response in such a short window of time.
The division said more than 1,000 inquires were made by mail and 1,000 more by phone. The remaining 8,000 contacted the division via email. Tavares said in a release that filing claims by email is an effective method that improves efficiency.
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The bulk of the inquiries the division has receive are regarding the special edition listing compiled due to Metropolitan Life Insurance Company converting to a publicly held company. Because of that change, more than 15,000 Rhode Islanders who owned policies have been added to the general treasurer’s unclaimed property database. The properties added are funds due policy owners, totaling more than $795,000 and 260,000 shares of stock.
More than $124 million due 150,000 Rhode Islanders is in the database. The properties include bank accounts, payroll checks, stock sand dividends, life insurance policies, customer deposits or overpayments, utility deposits or overpayments and certificates of deposit left unclaimed.
To view the list, visit www.treasury.state.ri.us.
