Leading Disability Carrier, UnumProvident Target of Litigation
by Michael Fox
Douglas Shuit's story in Workforce details some of the litigation that has engulfed UnumProvident over denials of disability policies. According to the company, only 1% of claims are denied, but a large verdict in Arizona and a fine by the Georgia Department of Insurance have made them a more attractive target. UnumProvident is now having to fight on several fronts - the courtroom, the media and the stock market as their stock price has had a precipitous decline. Probably worth reading and following, particularly if your company has their disability coverage.