Notice: Passwords are now case-sensitive

Remember Me
Register a new account
Forgot your password?



Community Requests

The WCC website will be down for scheduled maintenance on Sunday, July 22, from 3:30 PM to 4:30 PM

John Hancock Sued in Unicover Scandal

Friday, February 18, 2000 | 206 | 0 | min read

Credit General Insurance Co. has filed suit against John Hancock Financial Services Inc. seeking $10 million in compensatory damages for past-due claim payments from John Hancock as well as a plea for $560 million in punitive damages. John Hancock earlier this month said that it expects to take a $135 million charge for its involvement in buy-down reinsurance programs. All of this reinsurance action that we have been reporting over the past year and a half centers around Unicover Managers Inc., which moved $2.6 billion worth of workers' comp reinsurance premium to seven large life insure...

Purchase this story for only $9.16!Add to Cart

For access to all of our articles, check out our subscription options.


Be the first to comment.

Related Articles