UnumProvident Reviewing Policies Due to NY AG Suit

UnumProvident Corporation (NYSE: UNM) yesterday issued the following statement on broker compensation issues: "One of the keys to success in our business is building a trusted relationship among customers, brokers, and insurance companies, and this past week that trust was questioned," said Thomas R. Watjen, president and chief executive officer of UnumProvident. "We and many others are strong advocates of complete and timely disclosure of the compensation paid to the broker of a customer. With this information, customers can determine whether and how compensation arrangements...