Insurance industry

1010 WINS Newsroom
December 09, 2019 - 3:01 am

Big investors up call for governments to take climate action

MADRID (AP) — More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change. The investors, including banks, pension funds and insurance companies, directed their message to countries...
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FILE - In this Oct. 18, 2019, file photo, Pacific Gas and Electric Company workers bury utility lines in Paradise, Calif. Pacific Gas & Electric officials urged a federal bankruptcy judge to approve an insurance settlement that would enable the nation's largest utility to regain its financial footing while covering at least $20 billion in losses stemming from catastrophic wildfires tied to its equipment and negligence. (AP Photo/Rich Pedroncelli, File)
1010 WINS Newsroom
December 04, 2019 - 7:42 pm

PG&E urges judge to approve key settlement, faces resistance

SAN FRANCISCO (AP) — Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment. The...
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FILE - This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Wynn Resorts has agreed to accept $41 million from former CEO and chairman Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct. The company said in a statement late Wednesday, Nov. 27, 2019, neither the company nor its current or former directors or officers were found to have committed any wrongdoing in connection with the pending settlement. (AP Photo/Charles Krupa, File)
1010 WINS Newsroom
November 27, 2019 - 10:27 pm

Wynn Resorts settles with pension funds over sex allegations

RENO, Nev. (AP) — Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct...
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1010 WINS Newsroom
November 22, 2019 - 9:26 pm

Police: $1M in diamonds taken during Maui Halloween heist

LAHAINA, Hawaii (AP) — An insurance company is offering a $50,000 reward to help find a masked man in a full-length black gown who stole more than $1 million in diamonds from a Hawaii jewelry store on Halloween. Maui police say the gowned and masked man also wore black gloves to rob Greenleaf...
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1010 WINS Newsroom
November 15, 2019 - 12:42 pm

White House seeks disclosure of actual health care prices

WASHINGTON (AP) — New rules from the Trump administration on Friday would require insurers and hospitals to disclose upfront the actual prices for common tests and procedures to promote competition and push down costs. But the sweeping changes face stiff pushback from the health care industry and a...
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1010 WINS Newsroom
November 09, 2019 - 6:39 pm

FBI: Cybercrimes on the rise because of sophisticated scams

PORTLAND, Ore. (AP) — On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker network had likely been spying on his communications...
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FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
1010 WINS Newsroom
November 07, 2019 - 1:55 pm

PG&E swings to a loss as fire costs mount

Pacific Gas & Electric reported substantial losses for the third quarter on Thursday, driven by catastrophic wildfires that have been blamed on the utility's outdated transmission lines. The company estimated those costs, which include the 2017 and 2018 fires, more rigorous inspection of its...
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FILE - In this May 30, 2019, file photo, signs advertise new products available inside a CVS store with the new HealthHUB in Spring, Texas. CVS Health reports financial results Wednesday, Nov. 6. (AP Photo/David J. Phillip, File)
1010 WINS Newsroom
November 06, 2019 - 8:01 am

CVS gets a booster shot from Aetna, revenue soars

CVS Health revenue surged more than 36% in the third quarter, nearly a year after acquiring one of the nation's largest health insurers. The drugstore chain and pharmacy benefit manager also said Wednesday that it filled more prescriptions as net income climbed 10% to $1.53 billion in a performance...
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FILE - In this Monday, Jan. 29, 2018 file photo, beds are set up inside a mobile emergency room outside a hospital in Georgia. According to a new study published in the journal Science on Thursday, Oct. 24, 2019, a widely used software program that helps guide care for millions of patients is flawed by unintentional racial bias. (AP Photo/David Goldman)
1010 WINS Newsroom
October 25, 2019 - 5:51 pm

Racial bias in health care software aids whites over blacks

A widely used software program that helps guide care for millions of patients is flawed by unintentional racial bias that leads to blacks getting passed over for special care, according to a new study. The software predicts costs rather than sickness. It is used by U.S. insurers and hospitals to...
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FILE - This Tuesday, Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Jim Mone, File)
1010 WINS Newsroom
October 15, 2019 - 12:50 pm

UnitedHealth hikes annual forecast, offers glimpse into 2020

UnitedHealth Group raised its 2019 forecast and detailed another better-than-expected quarter Tuesday, but shares soared after company leaders mentioned next year's growth prospects. CEO David Wichmann told analysts it would be "reasonable and prudent" for them to set initial expectations for core...
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