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more_legal_areas bad_faithThe high number of UnumProvident lawsuits filed has resulted, in large part due to the recent large jury verdicts against UNUM. The company is the largest disability insurance company in the nation and has until the recent UnumProvident lawsuits, had a good reputation, listed as “most admired companies” for the past three years by Fortune magazine. Now, in addition to the hundreds of UnumProvident lawsuits filed, the company is under investigation in three states as well as by the SEC.
The UnumProvident lawsuits filed have alleged that the company unfairly cut off their benefits by targeting certain policies for cancellation in order to increase financial gains. The company would go after particularly high cost cases and policies that had a fewer number of legal protections, according to the UnumProvident lawsuits. A larger issue has been brought to the table in response to the UnumProvident lawsuits, strengthening the long held dispute regarding the federal law limiting policyholder’s legal resources in battles such as UnumProvident lawsuits.
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