Insurance industry

A man walks across the Millennium Bridge in London, Wednesday, May 13, 2020, as the country continues in lockdown to help stop the spread of coronavirus. Despite the relaxation of some of the coronavirus lockdown measures on Wednesday central London was still quite. (AP Photo/Tony Hicks)
1010 WINS Newsroom
May 14, 2020 - 6:45 am
LONDON (AP) — The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts are now on a par with the Sept. 11, 2001 attacks or the combined impact of hurricanes Harvey, Maria and Irma in 2017. Lloyds, which as an insurance market...
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A customer waits for his medication behind a sheet of plastic installed to help curb the spread of the coronavirus at a CVS pharmacy store in Morton Grove, Ill., Tuesday, April 7, 2020. Customers and pharmacists are being separated by crates and plastic sheets during the Covid-19 pandemic. (AP Photo/Nam Y. Huh)
1010 WINS Newsroom
May 06, 2020 - 8:11 am
The rush to fill medicine cabinets and pantries ahead of the rapidly spreading COVID-19 pandemic fueled surging profits at CVS Health during its first quarter. The outbreak also lifted the health care giant’s insurance business because patients delayed or cancelled elective surgeries and used the...
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1010 WINS Newsroom
May 05, 2020 - 10:01 am
The health insurer Humana will cover the whole bill for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office. The insurer said Tuesday that it is waiving copayments, deductibles and other out-of-pocket costs for the rest of the year for all...
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FILE - In this April 20, 2020, file photo, resident physician Leslie Bottrell stands outside a room at an Intensive Care Unit as a nurse suctions the lungs of a COVID-19 patient at St. Joseph's Hospital in Yonkers, N.Y. COVID-19 could have stamped someone “uninsurable”  if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. (AP Photo/John Minchillo, File)
1010 WINS Newsroom
May 03, 2020 - 9:17 am
WASHINGTON (AP) — COVID-19 could have stamped a person “uninsurable” if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. Without the law, people who recovered...
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FILE - In this Jan. 24, 2019 file photo, the Supreme Court is seen at sunset in Washington. The Supreme Court has ruled 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. The justices voted 8-1 Monday in holding that insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law. (AP Photo/J. Scott Applewhite)
1010 WINS Newsroom
April 27, 2020 - 12:46 pm
WASHINGTON (AP) — The Supreme Court ruled Monday 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. Insurers are entitled to the money under a provision of the “Obamacare...
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FILE - In this Sept. 23, 2005 file photo, a customer enters the Billy Goat Tavern under Chicago's Michigan Ave. The once-busy diner tucked below a Michigan Avenue overpass in Chicago famously inspired a Saturday Night Live skit starring John Belushi and Bill Murray as short-order cooks. But the money the Billy Goat Tavern is losing now due to state-imposed business closures during the coronavirus outbreak is no joke. (AP Photo/Charles Rex Arbogast, File)
1010 WINS Newsroom
April 23, 2020 - 5:27 am
CHICAGO (AP) — A once-bustling bar and grill tucked below a Michigan Avenue overpass famously inspired a “Saturday Night Live” skit starring John Belushi and Bill Murray. But the money the Billy Goat Tavern is losing during the coronavirus outbreak is no joke. The tavern and millions of other...
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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
April 15, 2020 - 12:06 pm
UnitedHealth Group is sticking with its 2020 profit forecast for now, as the health insurance giant sifts through all the ways the coronavirus pandemic may alter its business. Company shares jumped Wednesday on another rough day for the broader market, after UnitedHealth also announced first-...
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More traffic than usual on I-90 highway south bound in Chicago, Saturday, April 11, 2020. Data may show the number of COVID-19 cases in Illinois is growing at a slower pace than some projections had forecast, but Gov. J.B. Pritzker said his stay-at-home order will remain in place through the end of April.(AP Photo/Nam Y. Huh)
1010 WINS Newsroom
April 13, 2020 - 5:47 pm
DETROIT (AP) — Interstates and city streets are empty and cars are quarantined in their owners' garages, so consumer advocates argue that it only makes sense for auto insurance rates to reflect that. In the states of Washington and New York, the number of traffic crashes reported to state police...
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President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 9, 2020, in Washington, as Vice President Mike Pence and Labor Secretary Eugene Scalia listen. (AP Photo/Andrew Harnik)
1010 WINS Newsroom
April 09, 2020 - 9:48 pm
WASHINGTON (AP) — Hospitals taking money from the $2 trillion stimulus bill will have to agree not to send “surprise” medical bills to patients treated for COVID-19, the White House said Thursday. Surprise bills typically happen when a patient with health insurance gets treated at an out-of-network...
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FILE - This screen grab from the website HealthCare.gov shows the extended deadline for signing up for health care coverage for 2020. (Centers for Medicare and Medicaid Services via AP, File)
1010 WINS Newsroom
April 03, 2020 - 6:49 pm
More than a million people could swamp the Affordable Care Act’s health insurance marketplaces in the coming months as employers lay off staff during the coronavirus pandemic. The health insurance markets are a backbone of the Obama-era law that President Donald Trump has tried to demolish. They...
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