Business Services Industry
For The Record.(news affecting insurance industry)
Business Insurance, November, 2002
UnumProvident hit for claims practices UnumProvident Corp. must pay $7.67 million to an individual after a jury found that the insurer used biased medical examiners and withheld disability benefits information to avoid paying her long-term disability claim. After the verdict, U.S. magistrate James Larson issued an injunction ordering the company to cease the claims-handling practices, which are considered unfair business practices under California law.
UnumProvident ``strongly disagrees'' with the court's ruling and plans to appeal, a spokeswoman said. Health care system in crisis, report says The U.S. health care delivery system is in a state of crisis and incapable of meeting the needs of the American public, asserts a new report by the National Academy...
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