Agreed to reconsider approximately 200,000 denied disability claims
200,000 claims denied and that is in the good old U.S.A.
I have seen this several times that when faced with a large payout Insurance companies don't just write a check as your disability insurance salesman promised but they deny the claim and force you to fight to get the money you are owed. This lawsuit is not unique but representative of the actual policy of most insurance companies.
From;
http://www.lawyersandsettlements.com/case/first_unum
UnumProvident Denied Disability Claims
In recent settlements, UnumProvident has agreed to reconsider approximately 200,000 denied disability claims. Under investigation and pressure from the Department of Labor (DOL), UnumProvident's family of companies must offer to reassess claims denied or closed since January 1, 2000 for reasons other than settlement, death, or reaching benefit maximums. They must also allow for reassessment, upon request, of claims similarly denied or closed between January 1, 1997 and December 31, 1999. The company will continue to accept and reevaluate these claims, whether or not the claimant is still disabled, until December 31, 2006.
If you have made a claim under a long-term disability policy provided by or administered by:
First UnumProvident Corp.
Unum Life Insurance Company of America
Paul Revere Life Insurance Company
Colonial Life & Accident Insurance Company or
Provident Life & Accident Insurance Company
and have had your claim denied, or if your claim was granted and then later terminated, you may be eligible for substantial additional benefits from these companies.
UnumProvident and its subsidiaries offer individual and group insurance programs such as long-term disability income protection, short-term disability income protection, life insurance, long term care insurance, and voluntary critical illness insurance. UnumProvident insures more than 25 million people worldwide.
UnumProvident declare they have paid $4.2 billion in disability benefits in 2004 and reserve $25 billion for potential claims. Disability income protection insurance provides financial benefits to employees when they are unable to work due to a disability caused by a covered illness or injury, regardless of whether or not that illness or injury is work-related.
