Calif. Insurer Accused Of Bilking Policyholders

Law360, New York (May 20, 2013, 4:48 PM EDT) -- A California man claiming he is being shortchanged on his medical insurance benefits lodged a putative class action in state court accusing Unum Life Insurance Co. of America of denying an annual benefit increase guaranteed in its long-term care policies.

A provision for inflation protection in Unum's policies ensures that monthly benefits will automatically increase each year, but the company is refusing to stay true to its promise for policyholders who have suffered a loss and started receiving benefits, according to the suit.

“Unum takes the...
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