Final approval of a multi-state settlement with UnumProvident Corp. over disputed handling of disability claims will cost the firm over $120 million to comply and require claims made as far back as 1997 to be reassessed. In addition, the UnumProvident settlement will require $15 million in fines be paid.
UnumProvident has been the target of as many of almost 3,000 lawsuits, in addition to a class action suit filed in 2002. For several years complaints and lawsuits continued to allege UnumProvident was unfairly and deliberately denying disability claims.
Read More.... |
