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New York Life Insurance Group

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Underwriters at New York Life Insurance Group

Our Insurance Attorneys Help Recover Income Benefits for Workers

One of the largest providers of disability insurance is New York Life Insurance Group. They offer both long-term and short-term disability insurance, with various terms available for each policy. Depending on your line of work, you may be able to partially predict how long an injury will keep you from earning, but this is obviously risky speculation. There are also other forms of disability insurance available, such as Accident-Only Disability, which does not pay out for illness or injuries due to negligence. This is also an obvious risk, as most injuries are due to negligence.

Disability insurance is crucial for workers in physical or dangerous occupations. This type of insurance provides supplemental income to injured employees to make up for lost pay. While other insurances protect your health, your car, or your property, disability insurance protects your income. It allows workers to continue providing for their family when they suffer debilitating injuries. Disability insurance is usually offered to groups or employers; however, each will work out their policy with an underwriter. An underwriter manages risk for the company, so they will seek to minimize the amount potentially paid out to you, assuming they approve your application at all.

Underwriters manage risk in a variety of ways:

  • Adding exclusionary conditions
  • Shrinking the number of benefits
  • Decreasing the benefit period

Short History of New York Life Insurance (NYLI)

New York Life Insurance began as Nautilus Insurance Company in 1845, 170 years ago. Its first policy was sold to Lewis Benton for $5,000. At the time, life insurance was unusual, but the company soon abandoned commonly-sold policies like marine and fire insurance in order to sell life insurance. As the population moved toward industrial work over the years, the need to insure the loss of primary income grew far more common. New York Life Insurance also established a well-known industry practice: the use of insurance agents to create and maintain business. The use of agents allowed New York to expand along the East Coast and west toward California.

Expanding west was a significant move, as many insurance companies avoided westward expansion due to disease. New York Life Insurance's expansion has paid off in the ensuing years. The company has enjoyed prosperity and stability that have made it a Fortune 100 company and one of the largest insurance providers in the world.

New York Life Insurance Group's total assets are around half a trillion dollars, an incredibly rare achievement for any business.

Denied Benefits? Call Arnold & Itkin at (888) 493-1629!

Insurance companies are required by law to act in good faith—this means providing you with benefits in accordance with your policy. Any delay or refusal to pay must be legally justified for it to stand. Insurance companies naturally want to manage the amount they pay out to policyholders, but this often results in workers lacking the resources they need to pay for groceries, medical bills, transportation costs, or any living expenses. If you have received less than what your policy entitles you to, you can hold your insurance company accountable. However, for that, you need experienced insurance claim attorneys. At Arnold & Itkin, our insurance lawyers are well-versed in the strategies providers will use to avoid massive payouts. We use effective courtroom tactics developed in landmark, record-setting cases. Our attorneys have secured billions.

If you want experienced, aggressive attorneys by your side, contact our firm today. Call (888) 493-1629.

Case Results

Check Out Our Victories

  • $8 Billion Top 3 Largest Jury Verdict in U.S. History Arnold & Itkin tried a case against Johnson & Johnson for failing to warn about a drug’s most damaging side effects: gynecomastia. Our skill, hard work, and dedication resulted in the third-largest jury verdict ever obtained for an individual ...
  • $357 Million Largest Workplace Accident Settlement in Texas history Arnold & Itkin LLP secured a massive nine-figure settlement against a transnational corporation for a workplace incident. The settlement set a Texas record for being the largest personal injury settlement in the state’s history.
  • $222 Million Record-Breaking Verdict for Widow Our firm won $222 million for a woman who lost her husband in an industrial accident caused by a faulty valve. We took the case to trial because the at-fault company refused to take responsibility. The jury saw through the corporate lies and double ...
  • $205 Million Confidential Settlement Obtained for Numerous Clients Arnold & Itkin reached a record $205,000,000 settlement on behalf of clients after several years of hard-fought litigation. The case settled just before trial was set to begin.
  • $193 Million Settlement Won for Victims of Pipeline Explosion Offshore injury lawyers at Arnold & Itkin fought for two workers who were injured in a pipeline explosion at sea, one of whom passed away. Our relentless investigation and advocacy resulted in a nine-figure settlement that will provide for our ...
  • $171 Million One of the Largest Confidential Settlements in History Arnold & Itkin worked over the course of several years to represent clients in a case that many other law firms turned down. In the end, we were able to obtain a record-setting confidential settlement.
  • $139 Million Massive Settlement Achieved for Victims of an Oilfield Incident Arnold & Itkin LLP negotiated a huge $139,000,000 settlement for injured families affected by an oilfield incident in the eastern United States, settling one week before trial.
  • $125 Million Settlement Won for Widow of Dredge Worker Offshore lawyers at Arnold & Itkin LLP won a nine-figure settlement for a woman who lost her husband in a pipeline explosion. By pushing the case toward trial, our firm pressured the defendant into settling with our client, allowing her to rebuild ...
  • $117 Million Largest Single-Event Personal Injury Verdict in Louisiana History Arnold & Itkin represented a pregnant woman who experienced stomach pain and called Acadian Ambulance. The driver of the ambulance drove the ambulance into the back of a sugar cane truck causing the plaintiff's spine to be severed at T4 and for her ...
  • $116 Million Confidential Settlement Arnold & Itkin LLP negotiated a massive nine figure settlement on behalf of their clients after several years of hard fought litigation.
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