Unum claims,“The Company is committed to serving its customers with the highest standards of business ethics and in compliance with all applicable laws and regulations.” Significant concerns about the way the company handles disability insurance claims, however, have prompted regulators to pursue ...
So that dynamic is incorporated into how we think about just claims performance in 2025 and is part of the driver of our range going up a bit from what we would have put out there and what our actuals were in 2024. The other thing for the quarter, which we don't think is going to...
epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in governmental programs; (2) sustained periods of low interest rates; (3) unfavorable economic or business conditions, both domestic and foreign, that may ...
Next, Unum overhauled its claims processing. “A user can scan a document at the Lexmark device and it automatically asks questions about the claim, such as the policy number or the claimant information,” said Dover. “We ask the user that information at the time that they scan the documen...
(3) unfavorable economic or business conditions, both domestic and foreign, that may result in decreases in sales, premiums, or persistency, as well as unfavorable claims activity; (4) changes in or interpretations of laws and regulations, including tax laws and regulations; (5) a cyber attack...