Insurance industry

FILE - In this Oct. 9, 2017 file photo, Cazadero firefighter struggles to protect a home from catching fire in Coffey Park, in Santa Rosa, Calif. Utility workers won protections for their jobs, salaries, benefits and pensions as part of a measure allowing California power companies to raise electric bills to cover the cost of lawsuits from last year's deadly wildfires. The measure is scheduled for votes in the Senate and Assembly Friday night, Aug. 31, 2018, following months of contentious negotiations. (Kent Porter/The Press Democrat via AP, File)
September 01, 2018 - 2:44 am
SACRAMENTO, Calif. (AP) — The California Legislature voted Friday to allow power companies to raise electric bills to cover the cost of lawsuits from last year's deadly wildfires amid fears that Pacific Gas & Electric Co., would otherwise face financial ruin. The measure is part of a wide-...
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This Nov. 2, 2017, photo provided by Alex Apons shows his house and car that were leveled to ashes after the deadly October 2017 wildfires ravaged his Coffey Park neighborhood, in Santa Rosa, Calif. Apons said his insurance policy fell $200,000 short of what it cost the 34-year-old new father to rebuild his home. He and his wife wanted to stay because they had a baby on the way and both have deep family roots in the area. (Alex Apons via AP)
August 28, 2018 - 1:30 am
SANTA ROSA, Calif. (AP) — Construction crews have already put up the frame on Cheri Sharp's new house, but she still questions whether rebuilding was the right choice after California's most destructive wildfire took her old home in wine country nearly a year ago. She's had to dip into retirement...
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FILE - In this March 16, 2010, file photo, financier Carl Icahn poses for photos upon arriving for the annual New York City Police Foundation Gala in New York. Icahn is urging Cigna shareholders to vote against the health insurer’s attempted multi-billion dollar takeover of Express Scripts. In a letter Tuesday, Aug. 7, 2018, Icahn warned that Express Scripts, a pharmacy benefit manager, faces intense competition from Amazon, regulatory risks and could lose the business of other health insurers that won’t want to deal with a company owned by a rival. (AP Photo/Henny Ray Abrams, File)
August 07, 2018 - 7:22 am
NEW YORK (AP) — Carl Icahn is urging Cigna shareholders to vote against the health insurer's attempted multi-billion dollar takeover of Express Scripts, saying it's paying too much and that the deal is risky. In a letter Tuesday, the billionaire and activist investor warned that St. Louis-based...
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In this Friday, July 6, 2018, photograph, prospective customers confer with sales associates as a Model 3 sits on display in a Tesla showroom in the Cherry Creek Mall in Denver. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday, Aug. 7, 2018, after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and public roads. The systems tested, in the Tesla Model 3 and Model S, BMW’s 5-Series, the Volvo S-90 and the Mercedes E-Class, are among the best in the business right now and have been rated “superior” in previous IIHS tests. David Zuby, the institute’s chief research officer, said the systems do increase safety but the tests show they are not 100 percent reliable. (AP Photo/David Zalubowski)
August 07, 2018 - 1:24 am
DETROIT (AP) — Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you're not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper titled "Reality Check," issued the...
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August 02, 2018 - 12:47 pm
WASHINGTON (AP) — Democrats will try forcing a campaign-season vote on blocking a Trump administration rule allowing insurers to sell short-term plans that are cheaper but skimpier than allowed under the Obama health care law, party leaders said Thursday. Though the effort has a chance of passing...
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August 02, 2018 - 6:57 am
HARTFORD, Conn. (AP) — Aetna is posting strong profit numbers, easily beating second-quarter expectations on Wall Street. The Hartford, Connecticut, health insurer on Thursday reported earnings of $1.21 billion, or $3.67 per share. Adjusted for non-recurring gains, profit was $3.43 per share, way...
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The HealthCare.gov website main page. The Trump administration is clearing the way for insurers to sell short-term health plans as a bargain alternative to pricey “Obamacare” for consumers struggling with high premiums. But the policies don’t have to cover pre-existing conditions and benefits are limited. It’s not certain if that’s going to translate into broad consumer appeal among people who need an individual policy. (HHS via AP
August 01, 2018 - 3:37 pm
WASHINGTON (AP) — Consumers will have more options to buy cheaper, short-term health insurance under a new Trump administration rule, but there's no guarantee the plans will cover pre-existing conditions or provide benefits like coverage of prescription drugs. Administration officials said...
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July 10, 2018 - 11:59 am
NEW YORK (AP) — A former New York state Senate leader and his son got business executives to arrange no-show jobs for the son in a brazen "family shakedown" that corrupted the senator's office, a federal prosecutor said Tuesday at the retrial of the pair on bribery and extortion charges. Assistant...
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FILE - In this July 24, 2017, file photo, President Donald Trump speaks about healthcare in the Blue Room of the White House in Washington.The Trump administration says it’s freezing payments under an ‘Obamacare’ program that protects insurers with sicker patients from financial losses, a move expected to add to premium increases next year. Making the announcement Saturday, July 7, 2018 officials say the administration is acting because of conflicting rulings in lawsuits filed by some smaller insurers who question whether they’re being fairly treated. (AP Photo/Alex Brandon, File)
July 08, 2018 - 7:21 am
WASHINGTON (AP) — Health care insurance customers could be in for some sticker shock over next year's prices now that the Trump administration says it's freezing payments under an "Obamacare" program that protects insurers with sicker patients from financial losses. The move is expected to add to...
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FILE - In this July 24, 2017, file photo, President Donald Trump speaks about healthcare in the Blue Room of the White House in Washington.The Trump administration says it’s freezing payments under an ‘Obamacare’ program that protects insurers with sicker patients from financial losses, a move expected to add to premium increases next year. Making the announcement Saturday, July 7, 2018 officials say the administration is acting because of conflicting rulings in lawsuits filed by some smaller insurers who question whether they’re being fairly treated. (AP Photo/Alex Brandon, File)
July 08, 2018 - 5:20 am
WASHINGTON (AP) — The Trump administration said Saturday it's freezing payments under an "Obamacare" program that protects insurers with sicker patients from financial losses, a move expected to add to premium increases next year. At stake are billions in payments to insurers with sicker customers...
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