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Company: Unum Life Insurance Company of America
Current Parent Company:
Unum
Parent at the Time of the Penalty Announcement:
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Penalty: $45,998,014
Year: 2016
Date: July 5, 2016
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Unum agreed to pay about $46 million to settle litigation alleging it improperly calculated inflation adjustments to long-term care insurance coverage.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:13cv4502
Case Name: Michael Don v. Unum Life Insurance Company of America et al
Private Lawsuit Resolution Type: settlement
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
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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