NEW YORK, Nov. 23, 2004 (PRIMEZONE) -- Parker & Waichman, LLP & associated counsel continue to aggressively pursue claims on behalf of UnumProvident Corp. (NYSE:UNM) policyholders, including those who have purchased disability coverage under Paul Revere Life Insurance Company, First Unum Life Insurance Company, Unum Life Insurance Company of America, Provident Life and Accident Insurance Company and Provident Life and Casualty Insurance Company. While Parker & Waichman, LLP applauds UnumProvident's decision to re-evaluate all denied claims, the firm strongly encourages all policyholders who have previously been denied benefits to seek legal representation to ensure that their claims are re-evaluated fairly. All UnumProvident policyholders can receive a free legal case evaluation by visiting: www.unumprovidentlawsuit.com .
Last week, UnumProvident Corp., the nation's largest disability insurer, offered to pay a $15 million penalty and reconsider about 215,000 previously denied claims in response to an investigation by insurance regulators around the United States. UnumProvident insures more than 25 million people and has about a quarter of the disability insurance market.
"While we are encouraged by UnumProvident's decision to reconsider these denied claims, we can not put this matter behind us yet," commented Jerrold S. Parker, one of the founding partners of Parker & Waichman, LLP, a law firm committed to advocating for the rights of UnumProvident policyholders. "People purchase disability insurance to protect them in the event that the unthinkable occurs. Unfortunately in this case, UnumProvident policyholders were regularly denied the benefits that they deserved which caused irrevocable harm to policyholders and their families."
For more information, please visit www.unumprovidentlawsuit.com or www.yourlawyer.com/practice/overview.htm?topic=Unum%20Provident%20Fraud. For more information on Parker & Waichman, LLP please visit: (http://www.yourlawyer.com ) or call 1-800-LAW-INFO (1-800-529-4636).
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.