Insurance

The Principal Financial Group has been a fixture in the insurance market for decades. Unfortunately for policyholders, the company hasn’t always treated customers with the dignity and respect they deserve when the unexpected happens. If the Principal Financial Group (Principal) has denied your valid insurance claim, do not hesitate to take action. Contact Donahue & Horrow, LLP to hold the company accountable for denying, undervaluing, or underpaying your insurance claim and seek the benefits owed to you. We offer a FREE consultation.

We are a Los Angeles-based law firm that litigates cases throughout the state of California, and have successfully secured millions of dollars for our clients in denied disability insurance and other insurance claims by going toe-to-toe with large insurance companies like Principal. Our attorneys are committed to one thing: doing right by our clients. If you hire us as your legal team, we will fight against Principal so you don’t have to take on this burden alone. 

Call us today if you think you have been treated unfairly or unethically by Principal: (877) 664-5407. 

 

Principal’s Tactics to Deny Insurance Claims

For Principal, and other insurance businesses, their greatest expense is paying out claims to their policyholders. Once you have signed up for an insurance plan and pay for this coverage, an all-too-familiar scenario unfolds, and insurance providers will do any or all of the following to reduce your payout or encourage you to quit pursuing your claim altogether:

• Not fully advising you of your rights and obligations under the policy;
• Failing to be specific in the information needed from you to support your claim; and
• Refusing to believe that your subjective complaints — such as pain and fatigue — are real. 

 

Principal and other major insurance companies often try to “wear down” policyholders like you in an effort to stop you in your tracks of pursuing your benefits. If Principal has tried one or more of these tactics on you, it might be a clear sign they are working to wrongfully deny your insurance claim:

• Failing to talk to your doctors, or even worse, calling your doctors without an appointment so they are unprepared and attempt to trick them into saying that you are not disabled;
• Stalling your claims process by continuously asking for more records to support your claim, even if you already provided them with access to all of your medical records;
• Attempting to rescind your policy because the insurance agent did not include information that had shared in the application process; or
• Falsely claiming that there is not enough medical evidence to support your claim.

 

Real Examples of Principal Denying Disability Claims 

Principal has been at the center of countless legal settlements due to the company’s tactics involving bad faith disability claim denials. In one such case, a sales manager suffered a significant foot injury that kept him from returning to work in a job where he often had to travel. In the wake of the injury, he requested short-term benefits that Principal denied. Hearing his case, the U.S. Court for the Northern District of California concluded that Principal abused its interpretation of the disability insurance policy and awarded the plaintiff his disability benefits. 

Another hardworking individual took Principal to court over his long-term disability benefits. The plaintiff suffered a serious back injury that impacted his job as a truck driver. The pain was so severe he could no longer perform his job effectively, yet Principal denied his benefits after determining that he was well enough to work in other occupations. He filed an ERISA (Employee Retirement Income Security Act) lawsuit and a court-ordered the company to reinstate his long-term disability benefits and pay his benefits dating back to the date of termination. 

 

About the Principal Financial Group – A Financial Powerhouse

Principal is a financial administrator of individual (investment, retirement, estate planning, and life insurance) and employer (employee retirement plans and group insurance benefits) plans. With year-over-year revenues and assets increasing, it’s easy to see why the company continues to put shareholders and margins ahead of its policyholders; you are, after all, just a number to them. 

If you’ve been targeted by Principal’s tactics to deny insurance claims, you are not alone. You may be an afterthought to Principal, but at Donahue & Horrow, LLP you are our number one priority and our legal team is available to discuss your claim today. We will answer any questions you have about your insurance policy or denied insurance claim and get the ball rolling against Principal to secure your benefits. 

Donahue & Horrow, LLP is based in Los Angeles and routinely handles cases throughout California. Our legal team has fought against and won settlements for our clients against the likes of Principal and other major insurance providers. Our attorneys understand every tactic these businesses use to stall payments and frustrate policyholders at every turn. Call us at 877-664-5407.

 

Don’t Miss Your Cutoff Date!

Insurance claims have a deadline, and these target dates are especially important for cases governed by ERISA. If Principal denied your disability claim, do not wait to act. Donahue & Horrow, LLP will do everything we can to help you fight for your disability benefits. 877-664-5407. Our legal team will treat you with the dignity you deserve while fighting relentlessly to secure the insurance benefits you’re owed.

Our attorneys have more than 80 years of experience taking on the most complex legal matters. When it comes to insurance policies, it takes a meticulous approach to decipher each and every aspect of these policies. We’ll assist you by helping you understand every detail of your unique Principal insurance policy to ensure you secure your benefits. Call us today to request your free consultation. 877-664-5407.