UnumProvident Corporation is based in Chattanooga, TN and has operations in the United States, Canada, the U.K., Japan, and elsewhere around the world. UnumProvident is the nation's largest disability carrier. It handles about 30 percent of U.S. disability policies. They have significant U.S. operations in Portland, Maine; Worcester, Mass.; and Glendale, Calif. Along with Unum Life Insurance Company of America, Provident Life and Accident Insurance Company, Provident Life, Casualty Insurance Company, other subsidiaries of UnumProvident Corporation include: |
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| Metropolitan Life Insurance Company | Paul Revere Life Insurance Company | New England Life Insurance Company |
| John Hancock Insurance Company | Equitable Life Insurance Company | Colonial Life Insurance Company |
A law firm says they have uncovered evidence that suggests that the same corporate policy of denying benefits has been implemented by other insurance companies UnumProvident handles claims for.
IWA will try to keep you up-to-date with new developments here. Visit Corporate Crimefighters for much more information about UNUM. You can also use the search engine here and insert UnumProvident to view numerous articles from UNUM's home town newspaper.
4/03/03 |
Reuters | A federal jury in Arizona orders UnumProvident Corp. and MetLife Inc. to pay $84.5 million to a former policyholder for denying disability benefits without cause. |
4/01/03 |
The Associated Press | UnumProvident Corp fires Harold Chandler as chairman, chief executive and president. Others involved in the fraud remain. |
| 3/19/03
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Georgia Insurance Commissioner | John Oxendine, Georgia Insurance Commissioner, fines UnumProvident one million dollars for its claimshandling practices. They're placed on probation for two years. |
| 1/27/03 | ConsumerAffairs.Com | A surgeon wins a $31 million suit after the insurer refused to pay long-term disability policy benefits he had purchased during the 1980s. |
| 12/15/02
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The Salt Lake Tribune | "Suing the Vulture" discusses lawsuits against the insurer and the harm caused policyholders whose claims were closed. |
| 12/14/02
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Associated Press | In "Shedding Light in Dark Corners" an attorney says he's doing everything he can to expose UnumProvident's business practices, which he characterized as the worst abuses he has seen during three decades of specializing in insurance law. |
| 12/02/02
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Chattanoogan.com | Among other things, the writer discusses how claimants who are covered under the Employee Retirement Income Security Act (ERISA) are mishandled the most since ERISA does not permit the client to seek punitive damages or lawyer fees. |
| 11/17/02
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CBS's 60 Minutes | "Did Insurer Cheat Disabled Clients?" as with last month's Dateline NBC investigation exposes abuse by UnumProvident, the largest disability carrier in the U.S. These investigations point to a company-wide conspiracy to close legitimate claims. Over a dozen company employees, including vice presidents, "eventually" came forward. |
| 11/15/02
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Forbes.com | A federal judge orders UnumProvident to stop using biased medical examiners and to quit withholding benefits information after concluding the nation's No.1 disability insurer used such tactics to deny benefits to boost profits. |
| 11/15/02
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Associated Press | Entitled "Insurer Ordered to Change Practices." Among other things, a federal judge concludes that UnumProvident shredded medical records and used the demographic profiles of policyholders to target claims for possible rejection. |
| 11/14/02
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Two Feist Depositions | Dr. William Feist was one of Provident’s two staff physicians in its headquarders. He was mentioned in the Dateline NBC investigation. |
| 11/05/02
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Dow Jones Business News | "Ailing Workers Sue UnumProvident Over Denial Of Claims" discusses a class-action suit that claims UnumProvident gives bonuses and promotions to its employees based upon the numbers of claims they can deny. It also has related news stories. |
| 10/06/02
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San Francisco Chronicle | Entitled "Disability insurer is under fire - Legitimate claims denied, suits say." The article says, "The nation's largest disability insurance company has been accused of systematically denying legitimate claims from seriously ill customers, a corporate strategy allegedly concocted for one purpose: boosting profits." |
| 09/25/02
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Press Herald Online | "Doctor: Unum denies claims" discusses Dr. Patrick F. McSharry who claims he was fired as a medical director at the company's headquarters in Chattanooga, Tenn. after he refused to go along with UNUM's policy of denying disability claims and using its medical staff to back up the denial. |
| 1998 to Present
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Claimant Information Bureau | A UNUMProvident Discussion Forum with hundreds of postings. Visit their main page at http://www.us-cib.com. It provides additional news including contact info. |
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Twist.com | An interview with J. Harold Chandler, Chairman, President and CEO of UnumProvident Corporation where he outlines specific goals that UnumProvident intends to live up to. |
| Updated Regularly
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UnumProvident Fraud | A law firm runs this site. They have a few links and offer a free case assesment. |
| Updated Regularly
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Recent Lawsuits | Provided by EDGAR® Online®, Inc., a provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data. |
| Visit our Fraud Section |