disability insurance News

Ex-Employee Gets Five Years for Stealing from Rhode Island Law Firm

A former bookkeeper and office manager at a Rhode Island law firm who previously pleaded guilty to embezzling nearly three-quarters of a million dollars from her employer has been sentenced to five years in prison, federal prosecutors said. Sarah Gaulin, …

Pandemic Brings Shift in Younger Workers’ Views of Employee Benefits

The coronavirus pandemic has led to a greater emphasis on employee benefits that help people plan for unexpected life events and provide financial protection, according to a study by The Hartford. The Hartford’s Future of Benefits Study found that 40% …

Officials Say Massachusetts Trolley Driver Paid Man $2K to Attack Him on Job

Authorities say a Massachusetts trolley driver paid a man $2,000 to attack him while wearing a Halloween mask so the driver could fraudulently collect workers’ compensation and disability insurance. A Suffolk County grand jury indicted Thomas Lucey on charges of …

13 New York City Workers Arrested in $500K Insurance Fraud Scheme

Thirteen current and former New York City employees have been arrested in a $500,000 insurance fraud scheme. Authorities say 10 FDNY emergency medical technicians and paramedics, including EMS officers, and three NYPD traffic enforcement agents were arraigned Tuesday on charges …

Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance

As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability insurance. Insurance agents say lawsuits in this high-profile sports …

NFL Teams with Petersen International on Disability Program

The National Football League Players Association (NFLPA) has launched a new disability insurance program for its members, created and administered by Valencia, Calif.-based Petersen International Underwriters. The program will provide NFLPA members experiencing career-ending, permanent total disability with insurance on …

Aflac Claims Workers’ Compensation Claims Drop for Firms Offering Accident, Disability Insurance

A high percentage — 42 percent on average — of all companies providing access to voluntary accident and disability insurance report declines in their workers’ compensation claims, according to the results of an online survey released by Aflac, a leading …

Zurich American to Refund $4.56M to Disability Policyholders in New York

New York Gov. Andrew Cuomo announced that Zurich American Insurance Company has agreed to refund $4.56 million to policyholders of its New York statutory disability insurance policies because the insurer failed to spend at least 60 percent of total premiums …

Petersen International Releases Disability Plan for Loss of Future Earnings

Petersen International Underwriters has released a new disability insurance product intended to pay benefits based on an insured person’s potential future income. The plan, titled “Loss of Future Earnings Disability,” is a new approach to protecting one’s income. Petersen International …

South Carolina Man Admits to Sawing Off Man’s Hand for Insurance Money

A South Carolina man pleaded guilty this week to a federal fraud charge, acknowledging his role in an insurance scheme that cost a mentally disabled man his left hand. Gerald B. Hardin of Cayce told U.S. District Judge Cameron Currie …