State governments are focusing increased attention on legal and regulatory protections against "elder abuse," including scams that deprive older people of financial assets.

In Illinois, about 10,000 elderly victims are reported to the state's Elder Abuse and Neglect Program annually, and the state has mandated training in elder abuse law for some financial professionals.

Washington State has strengthened its Abuse of Vulnerable Adults law, and Florida, Oregon and Missouri operate programs that require reporting of elder abuse. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.