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Unum reports fewer claims, blames recession

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Chattanooga, TN: Earlier this month Unum Group, one of the largest disability insurers in the U.S., reported they received fewer claims than expected.

CEO Thomas Watjen told Bloomberg News that the lack of claims wasn't specific to the company and placed the blame on the recession.

"People just don't feel as comfortable," Watjen said trying to explain the fewer claims. "They'd rather stay at work with an injury, rather than leave and take the risk they don't have a job when they come back."

Watjen added that the company was "a bit surprised" and that the finding has "broken patterns."

News of fewer claims being filed to Unum may remind some of the company's past reported difficulties regarding long-term disability claims.

Unum has been suspected of allegedly routinely denying long-term disability claims and has agreed to reconsider approximately 200,000 denied disability claims, per an investigation from the Department of Labor.

The DOL has ordered UnumProvident and the companies under it to reassess claims denied or closed since January 1, 2000 for reasons other than settlement, death or reaching benefit maximums.


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