UnumProvident to Reassess Claims of 2,000-Plus Ark. Insurance Consumers

January 7, 2005

Arkansas Insurance Commissioner Mike Pickens announced his state has reached a settlement agreement with UnumProvident insurance companies, which requires a re-evaluation of certain consumer-disputed disability insurance claims. Pickens said the agreement could affect more than 2,000 Arkansans.

According to the terms of the agreement, consumers who filed claims during a specified period and which claims yielded unsatisfactory results can have those claims reassessed. The companies participating in the settlement agreement include Unum Life Insurance Company of America; The Paul Revere Life Insurance Company; Provident Life and Accident Insurance Company; and Provident Life and Casualty Insurance Company.

“The UnumProvident companies have agreed to review denied claims dating back as far as 1997,” Commissioner Pickens said.

Insurance consumers, who had disability claims denied by the UnumProvident companies since January 2000, should receive a notice from the company advising them of their options to have those claims reassessed. However, the companies have made provisions for consumers with denied claims in 1997 through 1999.

Consumers are not required to accept the companies’ offer for claims reassessment. Participation in the settlement agreement is strictly voluntary, including any acceptance of settlement offers. After claims have been reheard, consumers maintain the right to accept or reject UnumProvident’s offer. If offers from the companies are not accepted, consumers also retain the right to pursue legal action against the companies.

UnumProvident consumers may call the company’s toll free number, (866) 278-4641 to have questions answered regarding the settlement agreement. Arkansas consumers may also call the Insurance Department’s Consumer Services Division at (800) 852-5494 with questions regarding the settlement options.

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