Are bad faith insurance practices simply a way of doing business?
If it seems like you’ve heard about these types of settlements before, you have. Bad faith insurance lawyers say that insurance companies continually find new ways to delay and deny claims in order to increase their bottom lines. Their bad faith practices may seem like that’s the way they really do business despite their television ads and claims of customer service and loyalty. Luckily, more and more insurers are getting caught. Here are two examples of a recent disability settlement and disability verdict: • $676M Unum Group settlement. Disability insurer Unum Group settled a multi-state investigation over its bad faith insurance practices. It will provide policyholders in 48 states and the District of Columbia with over $676 million in additional disability benefits which accounts for a shocking 42% of its previously denied disability claims. • $60M Paul Revere Life Insurance Co. verdict. The Paul Revere Life Insurance Company was ordered to pay a Nevada man $60 million for denying
