Insurance
Jan. 21, 2000
Proactive Policy
By David T. DiBiase and Lisa LeNay Coplen There are instances where insurance companies misinterpret obligations or otherwise fail to honor their obligations. Newspaper accounts of $120-million punitive-damage awards against insurance companies who deny the cost of potentially life-saving treatment to seriously ill patients cannot help but contribute to a negative image for the industry. Yet, it is indisputable that the insurance industry pays billions of dollars under its insurance policies




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