First Circuit Win for Pierce Atwood and Unum Life Insurance Company

On July 2, 2014, a unanimous panel of the United States Court of Appeals for the First Circuit held that Unum Life Insurance Company’s practice of using Retained Asset Accounts (RAAs) to pay death benefits claims on group life insurance policies, which specifically provided for the use of RAAs, does not violate the Employee Retirement Income Security Act (ERISA).

Unum was represented by a team of lawyers from Pierce Atwood’s Boston and Portland offices, including Donald R. Frederico, Cathy Connors, Byrne Decker, Gavin McCarthy, and Katherine Kayatta.

Read complete coverage of the decision as published in Massachusetts Lawyers Weekly.