Newspaper Industry News

Unclaimed property insert distribution to begin

CHARLESTON, W.Va. — State Treasurer John Perdue’s office will begin the statewide distribution of newspaper inserts listing unclaimed property rightful owners on Thursday.

The distribution schedule continues through April 21. Inserts go to the largest newspaper in each county, in addition to a certain number of direct-mailed copies.

A resident owes nothing to the state if his or her name is listed. It is just the opposite.

By definition, unclaimed property is any asset which an individual has lost or become separated from. Classic examples are abandoned safe deposit box contents; a forgotten final paycheck; or a utility deposit left behind upon moving. Real estate is not included in unclaimed property. The Treasurer’s Office works to reunite owners with financial assets and safe deposit box contents.

“Since I became state treasurer in January of 1997, we have returned approximately $150 million to state residents,” Perdue said. “A big part of that result can be attributed to the stalwart efforts of my staff and the regular publication of these newspaper inserts. Even on occasions in which the person doesn’t actually see his or her name, word of mouth is incredible…

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