You are here:HomeNews CenterInsurance News2004UnumProvident Settles With 40 States, Agrees to Review 215,000 Denied Claims

UnumProvident Settles With 40 States, Agrees to Review 215,000 Denied Claims

A UnumProvident settlement reached in November has become effective now that more than the required 33 states have agreed to its terms. The settlement was...
December 29, 2004

A UnumProvident settlement reached in November has become effective now that more than the required 33 states have agreed to its terms. The settlement was a result of allegations that UnumProvident had allegedly denied valid disability claims. Under terms of the agreement, UnumProvident did not admit wrongdoing but will pay a $15-million fine and take steps to improve its claims handling. The company has agreed to review an estimated 215,000 claims denied or closed since January 1, 2000. While additional states are expected to agree to the settlement, California has thus far refused to accept the settlement.

Filed under: