Nearly two years ago, Unum denied a Florida ERISA claim and retained DCS, Inc. to assist with the appeal. Subsequently, Unum overturned and paid the claim, the claimant was awarded SSDI, and a few days ago the claimant received a fair lump sum settlement of the claim. In retrospect it seems a long way to [...]
Archive for the ‘Settlements’ Category
Unum – From Denial To Lump Sum Settlement
Posted in Settlements on November 26, 2011 | 1 Comment »
Unum – Commutation Specialists – Another Horse Of A Different Color
Posted in Settlements on November 15, 2011 | 1 Comment »
In the past Unum Group was known to change job titles and names of departments whenever the company was brought into accountability by state regulators for a newly discovered unfair claims practice. For example, after the multi-state settlement, “consultants” became directors, customer care specialists (CCS) became disability benefit specialists (DBS again), financial services unit was [...]
Disability Claim Settlements in 2010
Posted in Settlements on August 29, 2010 | 16 Comments »
In theory, insureds should be able to take the proceeds from a lump sum settlement and invest the money to earn the going market rate of interest yielding the future value of any disability policy. According to our definition, a disability insurance settlement is “an offer and acceptance of a sum of money for the giving up of all [...]
