CHATTANOOGA, Tenn. – It is a big dilemma for insurance investors: Do you buy the stock of an insurer because it saves money by being tough on claims? Or should you sell because those claims…
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NEW YORK (Dow Jones) – A group of ailing workers filed a lawsuit claiming UnumProvident Corp. (UNM), the largest disability insurer in the U.S., has orchestrated an “elaborate corporate scheme”…
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NEW YORK, Nov. 5 (Bloomberg) – UnumProvident Corp., the nation’s largest disability insurer, has been accused in a lawsuit of systematically denying claims for long-term disability insurance…
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In what may amount to a David-and-Goliath type fight, some restaurant operators claim they lost business because of terrorist attacks and want insurance companies to pay up.Feeling betrayed by their insurance…
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New York - April 30 - A federal judge in New York has denied UnumProvident Corp.'s request to dismiss a lawsuit that alleges the company gave employees financial incentives to deny claims and seeks to…
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Earlier this year, when the New York State Department of Insurance rolled out its new Emergency Insurance Operation Center, no one could have known how soon and how severely the department would be tested.The…
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David Sutton is tired of waiting for his insurance check to arrive. It’s been eight weeks since he hired an insurance adjuster to handle the claim for his lingerie store, New York Stocking Exchange,…
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In a ruling that contradicts a previous state court decision and may affect several pending lawsuits totaling almost $75 million in alleged damages, an Eastern District judge has dismissed a claim brought…
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Surrogate judges in Nassau and Suffolk have set up streamlined procedures for the handling of estates left by victims of the World Trade Center attack, even in cases where death certificates may be impossible…
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As workers continue to disentangle a vast web of fallen steel and rubble, the insurance industry itself this week prepared to grapple with the impact of an unprecedented human and financial disaster from…
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But as one political insider stated, "[r]unning against Dillon is like running against God," and Democratic hopeful Charles Ferzola, a former assistant district attorney in Mr. Dillon’s…
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Several months after 50-year old anesthesiologist Sidney A. Smith suffered a severe hand injury in October 1996, it became obvious, he says, that he could no longer place arterial lines, perform lumbar…
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MINEOLA -- Nassau County Court Judge Abbey L. Boklan did not mince words earlier this month when she threw out a larceny conviction due to ineffective counsel rendered to a man charged with insurance fraud.…
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Created to protect pension funds from unscrupulous employers, ERISA is a federal law that has become a favorite strategic weapon in the battle by insurance companies to deny policyholder claims. …
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NEW YORK trial lawyers are looking to a case involving a little more than $11,000 in sanctions to give them new leverage in dealing with a hard-nosed insurance giant, Allstate Insurance Co.But defense…
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