Latest Insurance industry News

Cyberattacks on Texas cities put other governments on guard

Aug. 22, 2019 5:14 PM EDT

CHICAGO (AP) — Cyberattacks that recently crippled nearly two dozen Texas cities have put other local governments on guard, offering the latest evidence that hackers can halt routine operations by locking up computers and public records and demanding steep ransoms. Government agencies that fail to keep...

California insurers drop policies in high-fire risk areas

Aug. 21, 2019 5:49 PM EDT

SACRAMENTO, Calif. (AP) — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say how many people who lost their insurance were able to...

Fraud plagues disaster relief efforts

Aug. 17, 2019 3:01 AM EDT

PANAMA CITY, Fla. (AP) — As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken areas. Last year,...

US health officials approve Montana reinsurance pool

Aug. 16, 2019 2:26 PM EDT

HELENA, Mont. (AP) — U.S. health officials have approved Montana's plan to create a reinsurance pool that aims to help lower individual health insurance premium costs, state officials said Friday. The Centers for Medicare and Medicaid Services approved a waiver that authorizes the reinsurance program, Gov....

Virginia regulators seek input on surprise medical bills

Aug. 15, 2019 5:00 AM EDT

RICHMOND, Va. (AP) — Virginians can soon tell regulators what the state should do to limit surprise medical bills. The State Corporation Commission announced Wednesday that it will hold a public hearing in Richmond on Sept. 12 on high charges insured patients can face when a member of a medical team that...

Health insurers Harvard Pilgrim, Tufts agree to merge

Aug. 14, 2019 4:21 PM EDT

BOSTON (AP) — Harvard Pilgrim Health Care and Tufts Health Plan, two of the region's largest insurers, announced Wednesday they had reached a definitive agreement to form a single company that would serve nearly 2.4 million subscribers in New England. In a joint statement, the insurers said the merger...

Kansas says Aetna still not living up to contract terms

Aug. 13, 2019 5:40 PM EDT

TOPEKA, Kan. (AP) — The Kansas health department says insurance company Aetna is still not living up to the terms of its $1 billion contract with the state's Medicaid program. The Wichita Eagle reports that the state has rejected a corrective action plan Aetna submitted in response to a non-compliance...

Trial begins over insurance for 'suspicious' boat sinking

Aug. 13, 2019 5:20 PM EDT

PROVIDENCE, R.I. (AP) — A civil trial that began on Tuesday will determine whether insurance companies must cover an $85,000 claim from a Vermont man for his boat, which sank nearly three years ago off the New England coast. Insurers are refusing to pay the claim, saying Carman made suspicious alterations...

San Jose mayor wants gun owners to get liability insurance

Aug. 13, 2019 1:43 PM EDT

SAN JOSE, Calif. (AP) — The mayor of San Jose has proposed requiring gun owners in the nation's 10th largest city to carry liability insurance to cover taxpayer costs associated with firearm violence. If approved, Mayor Sam Liccardo's strict new measure proposed Monday would be the first of its kind in the...

Bill signed to expand telemedicine in New Hampshire

Aug. 12, 2019 4:52 PM EDT

CONCORD, N.H. (AP) — Supporters of a new law to expand telemedicine in New Hampshire say it will reduce the cost of health care and improve access to treatment in rural areas. Republican Gov. Chris Sununu on Monday signed a bill that will allow primary care physicians and pediatricians rather than only...