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September 24, 2008 at 02:55 PM
Group disability insurers protected about 42 million U.S. workers against long-term disability during the first half of the year, 6% more than they protected during the first half of 2007.
The number of U.S. workers protected by group short-term disability policies also increased 5%, to about 17 million.
JHA, Portland, Maine, published those figures in a summary of results from a survey of 30 major U.S. disability insurers.
JHA, a disability risk management and consulting unit of General Re Life Corp., found that premium revenue from new sales was down 5% for group LTD coverage and down 3% for group STD coverage.
New sales revenue from LTD coverage totaled $869 million, and new sales revenue from STD coverage amounted to $394 million.
