Latest Insurance industry regulation News

California to overhaul insurance plan after wildfires

Nov. 14, 2019 8:18 PM EST

SACRAMENTO, Calif. (AP) — Californians who lost their home insurance because of the threat of wildfires will be able to buy comprehensive policies next year through a state-mandated plan under an order issued Thursday by the state insurance commissioner. Devastating wildfires have plagued the state in...

Michigan car insurance fee falling to $100 a vehicle in July

Nov. 13, 2019 6:47 PM EST

LANSING, Mich. (AP) — Michigan drivers who want unlimited medical coverage for crash injuries will pay $100 per vehicle starting in July, which will be 55% less than the record-high $220 annual fee they currently pay. The Michigan Catastrophic Claims Association, a state-created nonprofit entity that...

House approves cap on insulin costs, plan returns to Senate

Nov. 13, 2019 4:44 PM EST

SPRINGFIELD, Ill. (AP) — The Illinois House has approved legislation to cap the amount diabetes patients must pay for insulin to $100 a month. The vote Wednesday to answer skyrocketing prescription insulin costs was 100-13. The Senate has approved the idea but a change in the House requires another Senate...

A loophole in Florida's Wrongful Death Act

Nov. 10, 2019 3:05 AM EST

SARASOTA, Fla. (AP) — On Aug. 2, less than a month after his 51st birthday, Gerald Giannillo, a longtime and much-loved massage therapist at the Longboat Key Club, checked in at Sarasota Memorial Hospital for surgery to repair an aneurysm and leaking heart valve caused by a hereditary condition. Eighteen...

Lawmakers to hold forum on reducing high health care costs

Nov. 9, 2019 11:41 AM EST

HARTFORD, Conn. (AP) — Connecticut lawmakers want to explore ways to reduce health care costs, including efforts taken by neighboring Massachusetts. The General Assembly's Insurance and Real Estate Committee plans to hold an informational forum on Thursday at the Legislative Office Building. They're...

Wyoming lawmakers approve database showing high health costs

Nov. 8, 2019 5:18 PM EST

CASPER, Wyo. (AP) — Wyoming lawmakers have voted to approve the continued use of a database tracking insurance claims to provide insight into the cost of health care in the state. The Star-Tribune reported Wednesday that the Labor, Health and Social Services Committee approved a bill to continue the...

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...

Mississippi Republicans sweep governor, 7 statewide offices

Nov. 6, 2019 3:04 PM EST

JACKSON, Miss. (AP) — Mississippi voters handed Republicans continued control of the governor's office and victories in seven other statewide races on Tuesday, as they also decided a host of legislative and local offices. Here's a look at the key races on Mississippi ballots: GOVERNOR Republicans kept...

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...

The Latest: GOP on track to keep legislative supermajorities

Nov. 6, 2019 12:50 AM EST

JACKSON, Miss. (AP) — The Latest on Mississippi's elections (all times local): 11:40 p.m. Republicans will expand their supermajority in the Mississippi state Senate and are on their way to retaining their supermajority in the state House. In the Senate, they had 23 candidates unopposed and are on track to...