Nixing Reimbursement Claim Undermines ERISA, Insurer Says

Law360, New York (August 9, 2012, 8:42 PM EDT) -- First Unum Life Insurance Co. on Wednesday asked the Ninth Circuit to reconsider its ruling denying the insurer's recovery of overpaid disability benefits, saying the ruling conflicts with other appellate courts' opinions on the matter and allowing it to stand would undermine the retiree benefits system.

In a petition for a full panel rehearing of its June ruling, Unum said the appellate court had erred in overturning an Arizona federal court's ruling allowing the insurer to recover funds that had been duplicated by a Social Security...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.