Tuesday, March 1, 2011

Accidental Death Insurers Use ERISA Law as Shield to Deny Payments

So says an important story which appears here at Bloomberg.com, detailing the unintended consequences of the 1974 legislation.

The story, focusing on the lucrative $25 billion business for accidental death insurance purchased by employees through their employers' group plans, discusses notable cases involving MetLife, Prudential, and AIG.

Outrageous.