Latest Insurance industry News

Markets Right Now: Stocks end week of gains at record highs

Jul. 12, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending a week of steady gains with more record closes for major U.S. indexes. Technology, industrial companies and retailers put up some of the biggest gains on Friday, as they have for much of the year. HP...

Setbacks for Trump's drive to lower prescription drug costs

Jul. 11, 2019 6:09 PM EDT

WASHINGTON (AP) — After two setbacks this week, President Donald Trump is now focusing his drive to curb drug costs on congressional efforts aimed at helping people on Medicare and younger generations covered by workplace plans. The White House on Thursday yanked its own regulation to ease the financial...

Markets Right Now: Dow has first close above 27,000 points

Jul. 11, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average climbed above 27,000 for the first time after a turbulent day on Wall Street. The S&P 500 also hit a closing high milestone of its own Thursday, a day after its first move above...

California takes on surprise bills, over hospital objections

Jul. 9, 2019 3:13 PM EDT

SACRAMENTO, Calif. (AP) — Jiggy Athilingam was riding a bicycle in San Francisco five years ago when suddenly she was on a bed in the hallway of a hospital. "What happened?" she asked. A cracked helmet told the story of her memory loss: She had been hit from behind by a car. She spent 22 hours in a...

The Latest: Earthquake agency head calls event wakeup call

Jul. 4, 2019 11:50 PM EDT

LOS ANGELES (AP) — The Latest on a quake felt in Southern California and Nevada (all times local): 6:45 p.m. The head of California's Earthquake Authority says the quake that hit the state on Thursday is "an important reminder that all of California is earthquake country." Glenn Pomeroy says the magnitude...

Strongest earthquake in 20 years rattles Southern California

Jul. 4, 2019 11:47 PM EDT

LOS ANGELES (AP) — The strongest earthquake in 20 years shook a large swath of Southern California and parts of Nevada on Thursday, rattling nerves on the July 4th holiday and causing injuries and damage in a town near the epicenter, followed by a swarm of ongoing aftershocks. The 6.4 magnitude quake...

Asian shares climb after US benchmarks hit record highs

Jul. 3, 2019 10:58 PM EDT

TOKYO (AP) — Shares opened higher in Asia on Thursday, tracking the ascent by major U.S. indexes to record highs. The rally follows a slight easing of trade tensions between the U.S. and China after they agreed to refrain from new tariffs pending a new round of negotiations. That has relieved some pressure...

Catholic officials sue insurers over future abuse claims

Jul. 2, 2019 2:12 PM EDT

NEW YORK (AP) — The Roman Catholic Archdiocese of New York has sued more than two dozen insurance companies to compel them to cover claims filed by people who say they were abused by clerics. Church officials anticipate that numerous alleged abuse victims will sue under New York's Child Victims Act. The...

States' delay request for arguments in 'Obamacare' lawsuit

Jul. 2, 2019 2:02 PM EDT

NEW ORLEANS (AP) — A federal appeals court Tuesday rejected a request to delay next week's hearing on the constitutionality of President Barack Obama's health care law. Eighteen Republican-dominated states opposed to the law said they needed more time to prepare answers to complex issues the appeals court...

Pennsylvania poised to take over health insurance exchange

Jun. 28, 2019 5:57 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania is poised to roll out its own online health insurance exchange to take the place of the one run by the federal government for the state's residents since 2014, saying it can save money for hundreds of thousands of policy-buyers. The Republican-controlled Legislature gave...