Latest Insurance industry News

Hotel owner sues insurance company after Vegas mass shooting

Jun. 22, 2019 5:02 PM EDT

LAS VEGAS (AP) — More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges...

1 in 6 ER visits or hospital stays triggers 'surprise' bill

Jun. 20, 2019 8:51 AM EDT

WASHINGTON (AP) — Roughly one in every six times someone is taken to an emergency room or checks in to the hospital, the treatment is followed by a "surprise" medical bill, according to a study released Thursday. And depending on where you live, the odds can be much higher. The report from the nonpartisan...

PG&E to pay $1 billion to governments for wildfire damage

Jun. 18, 2019 8:43 PM EDT

SACRAMENTO, Calif. (AP) — A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines. The settlement is a sliver of the more than $30 billion in potential damages Pacific Gas & Electric is facing in...

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Insurer must cover defendant in fatal bathroom fight lawsuit

Jun. 13, 2019 3:43 PM EDT

DOVER, Del. (AP) — A Delaware judge says an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a school bathroom attack captured on cellphone video that left a 16-year-old girl dead. The judge ruled Wednesday that USAA Casualty Insurance...

Maine making public, private insurers cover abortions

Jun. 13, 2019 11:40 AM EDT

AUGUSTA, Maine (AP) — A bill requiring public and private insurance companies to cover abortion is now law in Maine with Democratic Gov. Janet Mills' signature Thursday. The new law will take effect in 90 days and requires all insurers that cover prenatal care to include coverage of abortion. The proposal...

Maine becomes 8th state to legalize assisted suicide

Jun. 12, 2019 9:52 PM EDT

AUGUSTA, Maine (AP) — Maine legalized medically assisted suicide on Wednesday, becoming the eighth state to allow terminally ill people to end their lives with prescribed medication. Democratic Gov. Janet Mills, who had previously said she was unsure about the bill, signed it in her office. "It is my hope...

At stores and online, health care moves closer to customers

Jun. 4, 2019 1:07 PM EDT

Health care is moving closer to patients. Drugstores are expanding the care and support they offer, and telemedicine is bringing doctors and therapists to the family room couch as the system shifts to help people stay healthy and attract customers who want convenience. CVS Health offered the latest example on...

Humana takes rare step of squashing Centene deal talk

Jun. 3, 2019 10:24 AM EDT

Centene shares are tumbling after Humana took the rare step of publicly refuting reports that it's interested in buying the company. Centene Corp., based in St. Louis, is in the midst of a $15 billion takeover of WellCare, another insurer specializing in government funded health coverage. Humana said in a...

Rent spikes, gig jobs among bills facing legislative action

May. 26, 2019 7:07 PM EDT

SACRAMENTO, Calif. (AP) — The California Legislature faces key decisions this week, including trying to reign in police use of force, prevent rent spikes, and alter labor laws affecting workers in the gig economy. Friday is the deadline for the Assembly and Senate to pass or reject bills that originated in...