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Company: UnumProvident Corporation
Current Parent Company:
Unum
Parent at the Time of the Penalty Announcement:
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Penalty: $15,000,000
Year: 2004
Date: November 18, 2004
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: UnumProvident agreed to pay $15 million as part of the settlement of multistate allegations that it inappropriately denied claims for benefits under individual and group long-term disability insurance policies.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Tennessee
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.