Financial Services Industry
Industry: Email Alert RSS FeedInsurer Sued For Stopping DI Payments.(UNUMProvident, disability insurance)(Brief Article)(Statistical Data Included)
National Underwriter Life & Health-Financial Services Edition, April, 2001 by Thomas, Trevor
A Cincinnati executive who was disabled with a heart condition is suing UNUMProvident after the insurer declined to continue paying his disability claim, the executive's attorney says.
The insurer's decision has forced the executive, Randy Barlow of Superior Label Systems in Florence, Ky., to take a $52,000 pay cut, says Stacey Graus, a Covington, Ky., attorney representing Barlow. That's because Barlow can no longer do the highly paid job UNUMProvident claims he can perform.
The insurance agent who sold Superior Label the disability policy covering its top executives says he is embarrassed to learn there is a limit to what Barlow can do. Although he can sue UNUMProvident under the Employee Retirement Income Security Act, a federal law, ERISA generally...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article


