In the 1980’s, the federal statute RICO, or the Racketeer Influenced and Corrupt Organizations Act, was widely reported as the silver bullet used to take down organized crime. The RICO statute is equally applicable in disability cases against insurers. RICO allows a successful disabled insured to recover treble damages, punitive damages, attorneys’ fees and prejudgment interest. Absent a successful RICO claim, the most a disabled plaintiff can hope for is everything that the disability insurance company owes him under the contract plus interest. He loses even when he wins because he has had to pay attorneys’ fees to get that win.
It is no surprise that large insurers, like UNUM, view RICO claims with great disdain. They fight harder to keep the allegations out of the lawsuit because you can be sure that a RICO claim will lead to broader smoking gun discovery and the risk of paying exponentially more than what is actually owed under the breached contract.
Gisonni Law Firm is devoted to disabled insureds fighting large insurers like Unum for their disability benefits. Call us if your disability claim has been denied.
Gisonni Law Firm focuses its practice on disability claims and litigation for disabled people in New York, New Jersey, and the tristate area. For an understanding of your legal rights from the perspective of a highly experienced disability attorney, call Gisonni Law Firm today.