Latest Insurance industry News

Mississippi man pleads guilty in big health care fraud case

Jul. 12, 2020 11:11 AM EDT

HATTIESBURG, Miss. (AP) — A Mississippi businessman faces up to 20 years in prison and $500,000 in fines after pleading guilty to his part in a $510 million health care fraud scheme involving high-priced prescription pain cream. Wade Walters, 53, of Hattiesburg, appeared in federal court Thursday and...

FILE - In this April 14, 2020, file photo FDNY firefighters gather to applaud medical workers as attending physician Mollie Williams, left, wears personal protective equipment due to COVID-19 concerns outside Brooklyn Hospital Center in New York. Essential workers are lauded for their service and hailed as everyday heroes. But in most states nurses, first responders and frontline workers who get COVID-19 on the job have no guarantee they'll qualify for workers' comp to cover lost wages and medical care. (AP Photo/John Minchillo, File)

COVID-19 heroes must jump through hoops for workers' comp

Jul. 11, 2020 8:21 AM EDT

WASHINGTON (AP) — Lauded for their service and hailed as everyday heroes, essential workers who get the coronavirus on the job have no guarantee in most states they'll qualify for workers' compensation to cover lost wages and medical care. Fewer than one-third of the states have enacted policies that shift...

President Donald Trump listens during a roundtable on Venezuela at Iglesia Doral Jesus Worship Center, Friday, July 10, 2020, in Doral, Fla. (AP Photo/Evan Vucci)

Judge tosses Trump rule on billing for abortion coverage

Jul. 10, 2020 5:48 PM EDT

WASHINGTON (AP) — A federal judge in Baltimore on Friday struck down a Trump administration rule that abortion rights advocates called a maneuver to restrict access but officials defended as merely following the law. The decision by U.S. District Judge Catherine C. Blake affects women covered under the...

Iowa got free masks from Taiwan and companies, filings show

Jul. 8, 2020 5:06 PM EDT

IOWA CITY, Iowa (AP) — As Iowa faced a shortage of equipment needed to protect people from the coronavirus, the state received timely gifts from a foreign government and major corporations of nearly 1.4 million surgical masks. New disclosure filings show that the free masks came from the government of...

FILE - This April 7, 2020, file photo shows an Allstate sign in Northbrook, Ill. Allstate says it has agreed to acquire National General Holdings Corp. for $4 billion in cash as it expands its insurance portfolio. National General shareholders will get $32 per share from Allstate, plus closing dividends of about $2.50 per share, for a total of about $34.50 per share. National General offers a range of property-liability products through independent agents including “non-standard” auto insurance, the Northbrook, Ill.-based Allstate said.(AP Photo/Nam Y. Huh, File)

Allstate acquires National General for $4 billion in cash

Jul. 8, 2020 9:21 AM EDT

SILVER SPRING, Md. (AP) — Allstate is buying National General Holdings for $4 billion in cash, expanding the scope of its insurance holdings. National General shareholders will get $32 per share that they hold, plus closing dividends of about $2.50 per share, for a total of about $34.50 each. National...

State Farm plans another car insurance rate cut in Louisiana

Jul. 6, 2020 4:25 PM EDT

BATON ROUGE, La. (AP) — Louisiana's largest auto insurer is slashing its rates again, as fewer drivers are on the road because of the coronavirus outbreak. State Farm, which covers nearly one-third of the private passenger car insurance market, will cut its auto rates in the state by 9.6%, a move approved...

Voters may see just 4 initiatives on November ballot

Jul. 3, 2020 7:21 PM EDT

PHOENIX (AP) — Arizona voters are likely to see four voter initiatives on their November ballot, although all four must first survive a review of qualifying signatures turned into the Secretary of State's office this week and legal challenges that routinely are made. The four that turned in their...

Editorial Roundup: Pennsylvania

Jul. 1, 2020 5:00 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: During fireworks season, we must obey law, use common sense and show courtesy The York Dispatch July 1 The Fourth of July holiday is looming. That means there will be fireworks — lots of fireworks. Some of those...

Insurer Centene plans 3,200 jobs at new N.C. regional hub

Jul. 1, 2020 2:55 PM EDT

RALEIGH, N.C. (AP) — Government health insurance provider Centene Corp. said on Wednesday it will build an East Coast campus in Charlotte, North Carolina, developing a $1 billion construction project that's expected to create more than 3,200 new jobs by 2032. Gov. Roy Cooper described the expansion as the...

Striking shipbuilders picket outside an entrance to Bath Iron Works, Monday, June 22, 2020, in Bath, Maine. The vast majority of picketers did not wear pandemic facemarks. (AP Photo/Robert F. Bukaty)

Striking shipbuilders are losing health coverage in pandemic

Jun. 30, 2020 8:38 PM EDT

PORTLAND, Maine (AP) — The stakes are growing in a strike against Navy shipbuilder Bath Iron Works during a global pandemic as company-provided health insurance is running out for 4,300 shipbuilders who've left their jobs. Striking workers from Machinists Union Local S6 will be responsible for their own...