Insurance industry

1010 WINS Newsroom
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)
1010 WINS Newsroom
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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1010 WINS Newsroom
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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1010 WINS Newsroom
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)
1010 WINS Newsroom
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)
1010 WINS Newsroom
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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Democratic presidential candidate and Mayor of South Bend, Ind., Pete Buttigieg speaks during a campaign stop at the Danceland Ballroom Saturday, Dec. 7, 2019, in Davenport. (Meg McLaughlin/The Dispatch - The Rock Island Argus via AP)
1010 WINS Newsroom
December 10, 2019 - 7:39 pm
NEW YORK (AP) — Facing intense pressure to answer questions about his work in the private sector, Democratic presidential contender Pete Buttigieg on Tuesday disclosed a roster of former consulting clients that include a major health insurance provider, a nationwide electronics retailer, the U.S...
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FILE - In this Oct. 10, 2017, file photo, the Supreme Court in Washington, at sunset. The Supreme Court has left in place a Kentucky law requiring doctors to perform ultrasounds and show fetal images to patients before abortions. The justices did not comment on Monday, Dec. 9, 2019, in refusing to review an appeals court ruling that upheld the law. (AP Photo/J. Scott Applewhite, File)
1010 WINS Newsroom
December 10, 2019 - 12:18 pm
WASHINGTON (AP) — The Supreme Court appeared likely Tuesday to rule that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama. Several justices indicated their agreement with...
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