Insurance industry

January 06, 2020 - 4:47 pm
ATLANTA (AP) — An Atlanta couple said they came home from a winter vacation to find their house had been ransacked by an unusual suspect: a squirrel. Kari and Dustin Drees bought their first home last month in Atlanta's affluent Buckhead district and went to visit family a week later, news outlets...
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January 02, 2020 - 2:54 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 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)
December 24, 2019 - 12:11 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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December 20, 2019 - 2:05 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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December 18, 2019 - 6:16 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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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)
December 14, 2019 - 11:48 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)
December 10, 2019 - 7:47 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)
December 10, 2019 - 9:18 am
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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December 09, 2019 - 12:01 am
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)
AP News
December 04, 2019 - 4:42 pm
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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