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February 12, 2016 9:32 AM ET

Insurance

Company Overview of Unum Life Insurance Company Of America

Company Overview

Unum Life Insurance Company of America offers group income protection, life, long term care, and special risk insurance services. The company was formerly known as Commercial Life Insurance Company. Unum Life Insurance is based in Portland, Maine. Unum Life Insurance Company of America operates as a subsidiary of Unum Group.

2211 Congress Street

Portland, ME 04122-0003

United States

Founded in 1848

Phone:

207-575-2211

Fax:

207-575-2081

Key Executives for Unum Life Insurance Company Of America

Unum Life Insurance Company Of America does not have any Key Executives recorded.

Unum Life Insurance Company Of America Key Developments

Unum Life Insurance Wins Class-Action Suit over Retained Asset Accounts

The three-judge panel of the First Circuit U.S. Court of Appeals has unanimously ruled that plaintiffs in a class-action suit against Unum Life Insurance Co. of America failed to prove the insurer breached fiduciary duties under the federal Employee Retirement Income Security Act. The lawsuit was filed in October 2010 alleging that the company breached fiduciary duties it owed to certain beneficiaries under certain group life insurance policies when it established interest-bearing retained asset accounts to pay life insurance proceeds instead of mailing checks.

The U.S. Supreme Court Declines to Review Decision of the Fifth U.S. Circuit Court of Appeals

The U.S. Supreme Court declined to review a decision of the Fifth U.S. Circuit Court of Appeals holding a disability insurer did not act arbitrarily and capriciously when it considered emails provided by a plan participant's former acquaintance in making its decision to terminate the participant's benefits. The insured plan participant claimed lower back, leg and foot pain prevented her from working as an attorney. Unum Life Insurance Co. of America awarded the insured long-term disability benefits. Years later, a former companion of the insured provided Unum with emails indicating that while claiming to be disabled, the insured engaged in activities, such as traveling abroad, that were inconsistent with her asserted disability. Based in part on those emails, Unum denied the insured's claims and sought more than $1 million in reimbursements for benefits paid. The insured sued Unum, alleging it wrongfully terminated her benefits. Unum filed a counterclaim seeking to recover the more than $1 million in benefits it alleged the insured fraudulently obtained. Although the district court concluded substantial evidence supported Unum's denial of benefits, it held the denial was procedurally unreasonable and, therefore, an abuse of discretion because Unum did not fulfill its duty to "consider the source" of the emails. Unum appealed. The Fifth Circuit reversed the district court's judgment. In evaluating whether a plan administrator wrongfully denied benefits under ERISA, the Fifth Circuit indicated it never imposed a duty to investigate the source of evidence. Instead, the burden is on the claimant to discredit evidence relied on by the plan administrator. Thus, Unum did not have an affirmative duty either to investigate the accuracy of the emails or to investigate and further consider their source. Furthermore, the district court gave improper weight to Unum's structural conflict, which it should have considered as one factor among many when reviewing the case.

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