Insurance industry

November 07, 2018 - 2:13 pm

US warns nations not to allow Iranian oil tankers

WASHINGTON (AP) — The United States is warning other countries not to allow Iranian oil tankers into their territorial waters or ports, saying such access may run afoul of U.S. sanctions and not only incur penalties, but also result in catastrophic economic and environmental damage should an...
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Trader Andrew Silverman works on the floor of the New York Stock Exchange, Wednesday, Nov. 7, 2018. Stocks are climbing in early trading on Wall Street as results of the U.S. midterm elections came in as investors had expected. (AP Photo/Richard Drew)
November 07, 2018 - 10:58 am

Election Impact: Health care stocks jump following midterms

NEW YORK (AP) — The outcome of the midterm elections was good for the stock market in general, mostly because it didn't produce any big surprises, but it was especially good for the health care industry and several other companies. Health insurers rose sharply Wednesday as investors anticipated...
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FILE - In this Friday, Oct. 26, 2018, file photo trader Jeffrey Vazquez, center, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 6. (AP Photo/Richard Drew, File)
November 06, 2018 - 1:25 pm

Industrials, tech lead US stocks higher ahead of elections

NEW YORK (AP) — U.S. stocks rose Tuesday as industrial and technology companies recovered some of the big losses they took over the last month. Strong company earnings also contributed to the gains, but stocks stayed calm as traders waited for results from the midterm elections in the U.S...
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Jodi Smith Lemacks, left, works with her son, Joshua, in their home in Richmond, Va., Tuesday, Oct. 16, 2018. Lemacks is nervous about changing or losing her job because that could mean cutting off her son Joshua from heart specialists he’s seen his entire life. (AP Photo/Steve Helber)
October 28, 2018 - 10:07 am

Shoppers may face hard choices again on health marketplaces

Insurance shoppers likely will have several choices for individual health coverage this fall. The bad news? There's no guarantee they will cover certain doctors or prescriptions. Health insurers have stopped fleeing the Affordable Care Act's marketplaces and they've toned down premium hikes that...
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President Donald Trump talks about drug prices during a visit to the Department of Health and Human Services in Washington, Thursday, Oct. 25, 2018. (AP Photo/Susan Walsh)
October 25, 2018 - 10:13 pm

Trump says goal of proposal is to lower some US drug prices

WASHINGTON (AP) — Less than two weeks before the midterm elections, President Donald Trump has announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for the same medications. "We are...
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President Donald Trump talks about drug prices during a visit to the Department of Health and Human Services in Washington, Thursday, Oct. 25, 2018. (AP Photo/Susan Walsh)
October 25, 2018 - 3:10 pm

Trump says new proposal will lower some US drug prices

WASHINGTON (AP) — Less than two weeks before the midterm elections, President Donald Trump on Thursday announced a plan to lower prices for some prescription drugs, saying it would stop unfair practices that force Americans to pay much more than people in other countries for the same medications. "...
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FILE - In this file photo taken Aug. 2, 2005, a Prudential Financial sign on the marquis direct customers to the company inside an office building in Salt Lake City. A group of federal regulators has lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. (AP Photo/Douglas C. Pizac, File)
October 17, 2018 - 8:10 am

US regulators lift strict oversight of Prudential

WASHINGTON (AP) — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The...
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FILE - This Oct. 16, 2012, file photo, shows part of the UnitedHealth Group, Inc. campus in Minnetonka, Minn. UnitedHealth Group Inc. reports earnings Tuesday, Oct. 16, 2018. (AP Photo/Jim Mone, File)
October 16, 2018 - 3:52 am

UnitedHealth beats all around in 3Q, raises outlook again

MINNEAPOLIS (AP) — UnitedHealth reported better-than-expected profits and revenue for the third quarter and the company raised its outlook yet again on strong trends in the insurance business. Earnings for the largest U.S. health insurer jumped almost 30 percent to $3.19 billion, or $3.24. Earnings...
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FILE - In this Feb. 5, 2015, file photo, the Anthem logo hangs at the health insurer's corporate headquarters in Indianapolis. Federal officials say the nation’s second-largest health insurer will pay the government a record $16 million to settle potential violations of privacy requirements in a 2015 case that still stands the biggest health care hack in U.S. history. (AP Photo/Michael Conroy, File)
October 15, 2018 - 3:43 pm

Insurer Anthem will pay record $16M for massive data breach

WASHINGTON (AP) — The nation's second-largest health insurer has agreed to pay the government a record $16 million to settle potential privacy violations in the biggest known health care hack in U.S. history, officials said Monday. The personal information of nearly 79 million people — including...
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This aerial photo shows debris and destruction in Mexico Beach, Fla., Friday, Oct. 12, 2018, after Hurricane Michael went through the area on Wednesday. Mexico Beach, the ground-zero town, was nearly obliterated by the hurricane, an official said Friday as the scale of the storm's fury became ever clearer. (Bronte Wittpenn/Tampa Bay Times via AP)
October 13, 2018 - 10:44 am

Analysts: Florida insurers will survive hit from Michael

FORT LAUDERDALE, Fla. (AP) — Florida's disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems...
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