If you were recently denied benefits from Unum Provident, the services of our denied insurance claims lawyer could be needed to obtain compensation. As one of the leading providers of disability insurance, Unum Provident has recently been shown to have used bad faith practices in order to unfairly deny claims. You could be entitled to a settlement if you or a loved one were a victim.
Who Is Unum Provident?
Unum Provident, which operates as Unum Group, is a major provider of disability insurance for both individuals and businesses. Nearly 25 million people around the globe have a Unum policy, including people in over 171,000 businesses in the U.S. and England.
Unum Provident owns a number of insurance companies such as Accident Insurance Company, Provident Life, First Unum Life Insurance Company, Unum Life Insurance Company of America, and The Paul Revere Life Insurance Company. Each one of these companies is thought to have used bad faith practices in the denial of claims. As such, you could be entitled to compensation from more than one company if you were denied benefits under more than one policy.
Types of Bad Faith
Unum Group has been proven to act in bad faith in a number of ways, with one of the biggest being denying legitimate disability claims (especially high-dollar ones). They have also been found misusing a patient’s medical records to unfairly deny benefits. The retroactive changing of policies in order to apply a different set of terms and conditions has also been reported. In some instances, the company has even used inaccurate definitions of “disability” in an effort to disqualify people. If you believe any of these acts occurred in your case, you should contact a denied insurance claims lawyer at once.
Sanctions Enacted Against Unum
After conducting an investigation, the U.S. Department of Labor initiated sanctions against Unum Group and its subsidiaries. As a result of this investigation, Unum was ordered to come up with new claims practices that are fair and objective to consumers. They were also ordered to pay a fine of $15 million, and reassess nearly 215,000 denied claims. Some of these claims dated as far back as 1997, which means you could be entitled to a settlement, even if your claim was denied some time ago.
Class Action Lawsuits
In response to the allegations against Unum Providence, a number of class actions lawsuits are now pending against the insurance provider. Class action lawsuits allow victims to share evidence in order to increase the odds of a settlement. They also ensure that everyone receives fair compensation, and streamlines the legal process to make things less stressful on the litigants. To find out if you qualify, you should speak with a denied insurance claims lawyer, who will assess your case and determine if there is a remedy available to you under law.