Insurance industry

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)
1010 WINS Newsroom
January 15, 2020 - 4:08 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 - 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)
1010 WINS Newsroom
January 15, 2020 - 8:42 am
UnitedHealth Group’s net income surged 16% in the fourth quarter, but shares slipped in early trading after it also reported revenue that missed analyst expectations. The nation’s largest insurer said Wednesday that its top line grew 4% to $60.9 billion in the final quarter of 2019. Analysts were...
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January 02, 2020 - 5:54 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 Aug. 10, 2018 file photo, homes destroyed by a wildfire are seen from an aerial view in the Mary Lake Subdivision in Redding, Calif. A financial tug-of-war is emerging over the $13.5 billion that Pacific Gas & Electric, the nation's largest utility, has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to cover the costs of their response to the catastrophes. (AP Photo/Michael Burke, File)
1010 WINS Newsroom
January 01, 2020 - 1:58 am
SAN FRANCISCO (AP) — A financial tug-of-war is emerging over the $13.5 billion that the nation's largest utility has agreed to pay to victims of recent California wildfires, as government agencies jockey for more than half the money to cover the costs of their response to the catastrophes. Pacific...
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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)
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December 24, 2019 - 3:11 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 - 5:05 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 - 9:16 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)
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December 18, 2019 - 8:21 am
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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FILE - In this Tuesday, Nov. 12, 2019, file photo, the U.S. Capitol is seen as the sun sets in Washington. Negotiations on a package of spending bills to fund the federal government have produced a key breakthrough, though considerably more work is needed to wrap up the long-delayed measures. Top lawmakers of the House and Senate Appropriations committees on Saturday, Nov. 23, confirmed agreement on allocations for each of the 12 spending bills. (AP Photo/Manuel Balce Ceneta, File)
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December 17, 2019 - 3:15 pm
WASHINGTON (AP) — A raft of expired and expiring tax breaks, including deductions for mortgage insurance premiums, college tuition and large medical bills, would be renewed under a massive government-wide funding bill approved by the Democratic-controlled House. The action comes a few days before...
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Democratic presidential candidate South Bend, Ind., Mayor Pete Buttigieg waits backstage as he is introduced to speak at the Iowa Farmers Union Presidential Forum, Friday, Dec. 6, 2019, in Grinnell, Iowa. (AP Photo/Charlie Neibergall)
1010 WINS Newsroom
December 14, 2019 - 12:56 am
DES MOINES, Iowa (AP) — Kim Motl doesn’t work in the health insurance industry. But her friends and neighbors do. So when she saw Sen. Elizabeth Warren recently in Fort Dodge, Iowa, Motl pressed the Democratic presidential candidate about her “Medicare for All” plan, which would replace private...
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