Provide reassessment, upon request, of claims similarly denied or closed between Januand Decem Offer, in writing, to reassess claims denied or closed since Janufor reasons other than settlement, death, or reaching benefit maximums The following requirements are also set forth in the action: During this period of probation Oxendine?s office has monitored Unum?s claims handling practices, including quarterly reviews of any Georgia claims that are denied by the companies.Īdditionally, if the companies fail to meet the terms of the Plan of Corrective Action set forth in the agreements, a substantial fine ($145 million) will be imposed.
In addition to the fine, the companies were required to make changes to their claims handling practices and placed on probation for two years. In March of 2003, Oxendine ordered Unum to pay a fine totaling $1 million as part of an initial response by Oxendine to his investigation of Unum?s claims-handling practices in Georgia. "I hope this action sends a message not only to Unum but other insurers in Georgia that I expect and will see to it that Georgia claimants are dealt with fairly." Thousands of Georgia citizens will benefit from this agreement" Oxendine said. "This is a continuation of an action we initiated last year. As many as 8,821 Georgia claimants will be affected. to not only change their claims practices, but also to re-assess certain claims denied or benefits terminated going back as far as 1997.
Oxendine is requiring companies owned by UnumProvident Corp. companies an additional half million dollars for alleged mishandling of disability claims. Oxendine announced today that he has fined UnumProvident Corp. Oxendine announces additional half million dollar fine against UNUMĪtlanta (Dec. CORPORATE CRIMEFIGHTERS OF AMERICA - DEC 23, 2004
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