Insurance industry

FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. Pacific Gas & Electric and a group of insurers say they have reached an $11 billion settlement to cover most of the claims from the 2017 and 2018 wildfires in California. The utility said in a statement Friday, Sept. 13, that the tentative agreement covers 85% of the insurance claims, including a fire that decimated the town of Paradise. (AP Photo/Jeff Chiu, File)
September 13, 2019 - 9:36 am
SAN FRANCISCO (AP) — Pacific Gas & Electric and a group of insurers announced Friday they reached an $11 billion settlement to cover most of the claims from wildfires in California in 2017 and 2018. The utility said in a statement the tentative agreement covers 85% of the insurance claims from...
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Democratic presidential contender Bernie Sanders smiles with Nina Turner, right, the national co-chair of his presidential campaign, at a Medicare for All town hall gathering on Friday, Aug. 30, 2019, in Florence, S.C. (AP Photo/Meg Kinnard)
August 31, 2019 - 12:42 pm
FLORENCE, S.C. (AP) — Health care was the focus of Democratic presidential hopeful Bernie Sanders' second day of campaigning in pivotal early-voting South Carolina, where lack of Medicaid expansion has left thousands unable to obtain health coverage. The Vermont senator focused on "Medicare for All...
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Signs on a bank of computers tell visitors that the machines are not working at the public library in Wilmer, Texas, Thursday, Aug. 22, 2019. Cyberattacks that recently crippled nearly two dozen Texas cities have put other local governments on guard. (AP Photo/Tony Gutierrez)
August 22, 2019 - 4:13 pm
CHICAGO (AP) — Cyberattacks that recently crippled nearly two dozen Texas cities have put other local governments on guard, offering the latest evidence that hackers can halt routine operations by locking up computers and public records and demanding steep ransoms. Government agencies that fail to...
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FILE - In this July 21, 2015 file photo San Jose Mayor Sam Liccardo, center, attends a conference on Modern Slavery and Climate Change at the Vatican. Liccardo, on Monday, Aug. 12, 2019, has proposed gun owners in the nation's 10th largest city to carry liability insurance to cover taxpayer costs associated with firearm violence. If approved, Liccardo's strict new measure would be the first of its kind in the nation to curb gun violence. (AP Photo/Gregorio Borgia,File)
August 13, 2019 - 12:42 pm
SAN JOSE, Calif. (AP) — The mayor of San Jose has proposed requiring gun owners in the nation's 10th largest city to carry liability insurance to cover taxpayer costs associated with firearm violence. If approved, Mayor Sam Liccardo's strict new measure proposed Monday would be the first of its...
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FILE - In this July 30, 2019, file photo, Sen. Bernie Sanders, I-Vt., speaks during a Democratic presidential primary debate in Detroit. Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under “Medicare for All.” But research by The Associated Press suggests those dollars might not go so far. (AP Photo/Paul Sancya, file)
August 11, 2019 - 6:40 am
WASHINGTON (AP) — Sen. Bernie Sanders and other progressive Democratic presidential candidates are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under "Medicare for All." Health care dollars from government programs,...
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FILE - This Oct. 21, 2016, file photo shows a CVS drugstore and pharmacy location in Philadelphia. CVS swung back to a profit in the second quarter and easily beat expectations thanks in part to its acquisition of the health insurer Aetna. The drugstore on Wednesday, Aug. 7, 2019 reported profits of $1.94 billion, or $1.49 per share. Earnings, adjusted for one-time items, were $1.89 per share, which was 19 cents better than expected, according to a survey by Zacks Investment Research.(AP Photo/Matt Rourke, File)
August 07, 2019 - 10:31 am
CVS Health swung back to a profit in the second quarter, thanks to an influx of health insurance revenue, and the company raised its 2019 forecast beyond Wall Street expectations. Shares of the drugstore chain and pharmacy benefit manager outpaced the broader market in Wednesday trading after the...
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FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)
August 05, 2019 - 7:42 am
Variable annuities are complex insurance products — so complex that what people actually buy and what they think they're buying may be quite different. Those misunderstandings can end up costing them, or their heirs, a lot of money. For the uninitiated: Variable annuities are insurance company...
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Sen. Bernie Sanders, I-Vt., gestures toward Sen. Elizabeth Warren, D-Mass., during the first of two Democratic presidential primary debates hosted by CNN Tuesday, July 30, 2019, in the Fox Theatre in Detroit. (AP Photo/Paul Sancya)
August 02, 2019 - 4:56 am
WASHINGTON (AP) — Democratic presidential candidates are split over eliminating employer-provided health insurance under "Medicare for All." The risk is that history has shown voters are wary of disruptions to job-based insurance, the mainstay of coverage for Americans over three generations. Those...
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In this July 23, 2019, photo, Democratic presidential candidate former Vice President Joe Biden speaks in New Orleans. Biden is placing a big bet that his loyalty to the Affordable Care Act will help propel him to the Oval Office. Yet his argument isn’t without openings for attacks. From the left, he’s certain to take heat from progressives who back the single-payer, government run system proposed by his rival Bernie Sanders and supported by Elizabeth Warren and Kamala Harris. (AP Photo/Matthew Hinton)
July 28, 2019 - 3:06 pm
Joe Biden had just rolled out his health care plan when he made what could be a fateful pledge to a crowd in Iowa: "If you like your health care plan or your employer-based plan, you can keep it." The remark echoed assurances President Barack Obama made repeatedly as he sold the Affordable Care Act...
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FILE - This Nov. 15, 2018, aerial file photo shows the remains of residences leveled by the Camp wildfire in Paradise, Calif. A group of insurance companies are offering a plan to take over Pacific Gas & Electric, the latest to offer competing proposals to pay the utility's wildfire liabilities and pull it out of bankruptcy. In court filings Tuesday, July 23, 2019, the insurers said PG&E Corp. owes them more than $20 billion in claims paid to victims of recent California wildfires caused by PG&E equipment and offered a "viable path" to emerge from bankruptcy. (AP Photo/Noah Berger, File)
July 24, 2019 - 12:33 pm
SAN FRANCISCO (AP) — Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy. The insurers filed court documents Tuesday to end PG&E's exclusive right to file a...
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