Insurance industry

January 22, 2020 - 12:46 pm
WICHITA, Kan. (AP) — An insurance company must reimburse a Kansas man for the personal care his wife provided after he was injured in an automobile accident, the state Supreme Court ruled in rejecting that spouses are required to provide such support without compensation. The decision handed down...
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FILE - In this Jan. 10, 2020, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Jan. 15. (AP Photo/Richard Drew)
January 15, 2020 - 3:08 pm
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks edged higher in afternoon trading on Wall Street Wednesday after the signing of an initial trade deal between the U.S. and China. The modest gains had the Dow Jones Industrial Average on track for its first close above 29,000...
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FILE - In this Dec. 4, 2017 file photo, a person looks over a health insurance benefit comparison chart in Georgia. The new year often starts harshly for people with high-deductible health insurance. Many of those deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care before most coverage starts. (AP Photo/David Goldman, File)
Associated Press
January 15, 2020 - 11:25 am
The new year often starts harshly for people with high-deductible health insurance. Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic...
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FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
January 15, 2020 - 6:02 am
UnitedHealth Group’s net income jumped 16% in the fourth quarter as the nation’s biggest health insurer ended 2019 by topping Wall Street earnings expectations again. The company missed forecasts for revenue, and its share slipped in early morning trading. UnitedHealth on Wednesday also reaffirmed...
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January 02, 2020 - 4:54 pm
HARTFORD, Conn. (AP) — A major insurer is limiting its coverage of companies in the fossil fuel business, citing concerns about climate change. The Hartford Financial Services Group Inc. won't cover companies that get more than a quarter of their revenue from thermal coal mining or that produce...
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FILE - In this Oct. 27, 2019, file photo Woodbridge firefighter Joe Zurilgen passes a burning home as the Kincade Fire rages in Healdsburg, Calif. California's massive property insurance market is feeling the effects of three straight years of damaging wildfires. Insurers have pulled out of some markets and canceled thousands of policies, forcing regulators to step in and expand a state program that homeowners often turn to as a last resort. (AP Photo/Noah Berger, File)
December 24, 2019 - 2:11 pm
NEW YORK (AP) — Kent Michitsch seemed to be running out of traditional options to insure the home he’s lived in for more than 30 years northeast of San Diego as California’s massive property insurance market reels from three consecutive years of destructive wildfires. Michitsch, 57, has received...
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December 20, 2019 - 4:05 pm
SACRAMENTO, Calif. (AP) — One of Northern California's largest health systems will pay $575 million to settle claims that it used anti-competitive practices to bump up costs for patients, the state's attorney general said Friday, though that falls short of damages sought in a related private...
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December 18, 2019 - 8:16 am
New York Life will spend more than $6 billion in cash to acquire the group life and disability coverage business of the insurer Cigna. New York Life said Wednesday that the deal will add millions of customers to its business. Cigna Corp. gets a significant amount of cash that it will use to buy...
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FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company's financial rehabilitation plan. The revision discussed in a bankruptcy court hearing Tuesday, Dec. 17, 2019, removes a provision requiring Newsom to approve the deal as a key piece of PG&E's plan to emerge from bankruptcy protection by June 30. (AP Photo/Jeff Chiu, File)
December 17, 2019 - 9:01 pm
SAN FRANCISCO (AP) — A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest...
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