Latest Insurance industry regulation News

PG&E falls into deeper hole in 3Q with $1.6 billion loss

Nov. 7, 2019 4:43 PM EST

Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole. The company estimated it's facing a bill of more than $6 billion this year alone to pay for devastating fires in...

Unknowns about 2020 election make some businesses cautious

Nov. 6, 2019 10:55 AM EST

NEW YORK (AP) — While the 2020 presidential election is still a year away, some business owners see their customers already becoming more cautious because of the unknowns about who will be the next president, and which party will control the Senate. At Myron Moser's industrial equipment company, some...

1 in 2 seriously ill Medicare enrollees struggles with bills

Nov. 4, 2019 4:04 PM EST

WASHINGTON (AP) — More than half of seriously ill Medicare enrollees face financial hardships with medical bills, with prescription drug costs the leading problem, according to a study published Monday. The study in the journal Health Affairs comes as legislation to curb drug costs for seniors languishes...

Georgia governor releases plans for health care overhaul

Oct. 31, 2019 4:08 PM EDT

ATLANTA (AP) — Georgia Gov. Brian Kemp unveiled a much-anticipated plan Thursday that aims to reduce premiums for residents who buy health insurance under the Affordable Care Act and give the state control of billions of dollars in federal health care funds. The proposal could eventually lead to subsidies...

The Latest: Georgia gov says health plan creates 'stability'

Oct. 31, 2019 3:49 PM EDT

ATLANTA (AP) — The Latest on Georgia Gov. Brian Kemp's health care proposal (all times local): 3:50 p.m. Republican Gov. Brian Kemp says his newly unveiled plan to overhaul Georgia's health insurance market will give "more stability and predictability" to Georgia families. The proposal was released at a...

Stable costs but more uninsured as 'Obamacare' sign-ups open

Oct. 31, 2019 2:23 PM EDT

WASHINGTON (AP) — More Americans are going without health insurance, and stable premiums plus greater choice next year under the Obama health law aren't likely to reverse that. As sign-up season starts on Friday, the Affordable Care Act has shown remarkable resiliency, but it has also fallen short of...

Lyft, Uber will ask California voters to block employee law

Oct. 29, 2019 5:39 PM EDT

SACRAMENTO, Calif. (AP) — Some of the country's largest ride-sharing companies proposed a California law on Tuesday that would let them continue to treat drivers as independent contractors while also guaranteeing them a minimum wage and money for health insurance. The state Legislature enacted legislation...

John Conyers, longest serving black congressman, dies at 90

Oct. 27, 2019 6:11 PM EDT

DETROIT (AP) — Former U.S. Rep. John Conyers, one of the longest-serving members of Congress whose resolutely liberal stance on civil rights made him a political institution in Washington and back home in Detroit despite several scandals, has died. He was 90. Conyers, among the high-profile politicians...

More choices and stable premiums for 'Obamacare' next year

Oct. 22, 2019 2:12 PM EDT

WASHINGTON (AP) — Consumers will have more health insurance choices next year under the much-debated Obama health care law and premiums will dip slightly for many, the Trump administration announced Tuesday. President Donald Trump was elected on a promise to repeal "Obamacare." But despite his repeated...

California won't approve sale of Berkshire Hathaway insurer

Oct. 21, 2019 6:38 PM EDT

OMAHA, Neb. (AP) — California regulators say they won't approve the sale of one of Berkshire Hathaway's smaller insurance companies, but the company has voluntarily stopped writing policies in that state. The California Department of Insurance said Monday that Applied Underwriters failed to get approval to...