Insurance industry

FILE- This Dec. 3, 2018, file photo shows homes leveled by the Camp Fire line the Ridgewood Mobile Home Park retirement community in Paradise, Calif. Insurance claims for California's deadly November 2018 wildfires have topped $12 billion. That makes them the most expensive series of fires in state history. The number released Wednesday May 8, 2019 by Insurance Commissioner Ricardo Lara covers the fire that destroyed the Northern California town of Paradise and two Southern California fires. Most of the damages relate to the Paradise fire, which killed 85 people and destroyed nearly 19,000 buildings. (AP Photo/Noah Berger, File)
May 08, 2019 - 7:35 pm
SACRAMENTO, Calif. (AP) — Insurance claims have topped $12 billion for the November wildfires in California, making them the most expensive in state history. The figure released Wednesday by Insurance Commissioner Ricardo Lara covers the fire that largely destroyed the town of Paradise and two...
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FILE - In this Jan. 30, 2019, file photo, Insys Therapeutics founder John Kapoor leaves federal court in Boston. On Thursday, May 2, 2019, Kapoor was found guilty in a scheme to bribe doctors to boost sales of a highly addictive fentanyl spray meant for cancer patients with severe pain. (AP Photo/Steven Senne, File)
May 02, 2019 - 9:24 pm
BOSTON (AP) — A pharmaceutical company founder accused of paying doctors millions in bribes to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a stripper-turned-sales-rep to give a physician a lap dance. John Kapoor, the 76-...
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Democratic presidential candidate Sen. Bernie Sanders, I-Vt., Bernie Sanders speaks during a rally at Discovery Green on Wednesday, April 24, 2019, in Houston. (Brett Coomer/Houston Chronicle via AP)
May 01, 2019 - 7:06 pm
WASHINGTON (AP) — Congressional budget experts said Wednesday that moving to a government-run health care system like "Medicare for All" could be complicated and potentially disruptive for Americans. The report from the nonpartisan Congressional Budget Office was a high-level look at the pros and...
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FILE- In this Aug. 7, 2018, file photo a CVS Pharmacy building sign rests on a Jackson, Miss., store. CVS Health reports financial results Wednesday, May 1, 2019. (AP Photo/Rogelio V. Solis, File)
May 01, 2019 - 8:24 am
Earnings power from a major acquisition helped push profit at CVS Health up 42% in the first quarter and the company raised its 2019 forecast after it had started the year with a more pessimistic outlook. CVS now expects adjusted earnings this year to range from $6.75 to $6.90 per share. That's up...
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April 30, 2019 - 9:45 am
MIAMI (AP) — A federal judge in Miami recused himself from judging a lawsuit over an insurance company's denial of coverage for a prostate cancer treatment, calling it "immoral and barbaric." The Miami Herald reports U.S. District Judge Robert Scola cited his personal experience with prostate...
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FILE - In this April 3, 2019 file photo, TobyMacFarlane departs federal court in Boston after facing charges in a nationwide college admissions bribery scandal. Authorities said Tuesday, April 23, that MacFarlane, a former senior executive at a title insurance company, will plead guilty to racketeering conspiracy and cooperate with federal authorities in the case. (AP Photos/Michael Dwyer, File)
April 23, 2019 - 5:20 pm
BOSTON (AP) — A former University of Southern California soccer coach and a California insurance executive became the latest people to agree to plead guilty in a college admissions cheating scandal that has netted prominent parents and Hollywood stars, federal prosecutors said Tuesday. Laura Janke...
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FILE - In this Sept. 24, 2018 file photo Bill Cosby arrives for his sentencing hearing at the Montgomery County Courthouse in Norristown, Pa. The Imprisoned actor says his insurance company is settling another lawsuit filed by a woman accuser without his permission. In a statement, Cosby accuses American International Group Inc. of “egregious behavior." The 81-year-old is serving a three- to 10-year prison term, after a jury found he sexually assaulted a woman at his home in 2004. (AP Photo/Matt Slocum, File)
April 16, 2019 - 12:11 pm
PHILADELPHIA (AP) — Bill Cosby says his insurance company is settling another accuser's lawsuit without his permission, a week before his scheduled deposition. Cosby in a statement accuses American International Group Inc. of "egregious behavior." He says he could have proven he was in New York...
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FILE - In this June 15, 2018 file photo, United Healthcare correspondence is seen in North Andover, Mass. UnitedHealth Group is reporting strong first-quarter driven by its main insurance business, as well as its pharmacy benefits division. The Minnetonka, Minn., company on Tuesday, April 16, 2019 reported net income of $3.47 billion, or $3.56 per share. Earnings, adjusted for amortization costs, were $3.73 per share, topping Wall Street estimates by 13 cents, according to a survey by Zacks Investment Research. (AP Photo/Elise Amendola, File)
April 16, 2019 - 7:46 am
UnitedHealth Group beat first-quarter expectations and raised its 2019 forecast, as the nation's largest insurer increased Medicare coverage and received another boost from its growing business outside health insurance. The performance softened, at least temporarily, an unusual stock price slump so...
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Sen. Bernie Sanders, I-Vt., introduces the Medicare for All Act of 2019, on Capitol Hill in Washington, Wednesday, April 10, 2019. (AP Photo/Manuel Balce Ceneta)
April 10, 2019 - 3:43 pm
WASHINGTON (AP) — Sen. Bernie Sanders of Vermont unveiled a revamped version of his "Medicare for All" plan on Wednesday, shaking up the 2020 presidential race by renewing his call for replacing job-based and private health insurance with a government plan that guarantees coverage for all. "It is...
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Prime Therapeutics Senior Vice President, General Counsel, and Interim President and Chief Executive Officer Mike Kolar, right, testifies before the Senate Finance Committee on Capitol Hill in Washington, Tuesday, April 9, 2019, during a hearing to explore the high cost of prescription drugs. He is joined at the table by, from left, Cigna Corporation Executive Vice President and Chief Clinical Officer Steve Miller, CVS Caremark President and CVS Health Executive Vice President Derica Rice, Humana Healthcare Services Segment President William Fleming and OptumRx Chief Executive Officer John Prince. (AP Photo/Susan Walsh)
April 09, 2019 - 2:29 pm
Patient bills, competition and secrecy shared the spotlight Tuesday as pharmacy benefit managers testified before Congress about prescription drug prices. Members of a Senate Finance Committee investigating drug costs pushed the benefit managers to explain why they can't do more to control prices...
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