disability insurance News

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 …

Job Disability Rolls Rise During Recession

Monica Soltes was excited 10 years ago to leave Merrill Lynch and start her own business as an independent financial planner in San Diego. After she fell off a porch at her cousin’s cottage and broke her elbow, her dreams …

Petersen International Releases Extended Benefit Supplemental Income Plan

Petersen International Underwriters has launched a specialty disability insurance plan that features a 10-year benefit period. “Prior to this new plan, the longest monthly benefit period that the market supported was 7 years,” explains Mark Petersen, vice president of marketing. …

Study: Recession Impacts California Workers’ Compensation

More people in California stayed on disability longer because a fewer “light duty” jobs are available in the down economy, authors of a study on worker’s compensation said. The impact of the recession on California’s workers’ compensation system was felt …

Disability Benefits Get Costlier and More Complicated

Like just about every other workplace benefit, disability insurance is becoming something workers have to manage and pay for, at least partially, themselves. In the current open enrollment season for 2012 benefits, more employers are asking workers to put some …

Sun Life Financial Launches Malpractice Insurance Reimbursement

The Employee Benefits Group division of the U.S. business group of Sun Life Financial, Inc. has launched a malpractice insurance reimbursement rider. The optional rider offers physician group long-term disability customers reimbursement of their malpractice insurance premium payments while they …