Latest Insurance industry News

Maine eyes easier access to HIV prevention drugs

Apr. 09, 2021 10:44 AM EDT

PORTLAND, Maine (AP) — Maine is considering a proposal to require health insurance providers to expand their coverage of HIV prevention drugs. Democratic Sen. Heather Sanborn, of Portland, submitted the proposal, which was the subject of a hearing before the Maine...

Genworth pulls plug on its acquisition by China Oceanwide

Apr. 07, 2021 16:16 PM EDT

RICHMOND, Va. (AP) — Insurer Genworth Financial has pulled the plug on its long-delayed acquisition by a Chinese company. The provider of mortgage and long-term care insurance based in Richmond, Virginia, said Tuesday that it had exercised its right to terminate the...

Boy Scouts victims committee says claims worth $103 billion

Apr. 05, 2021 16:40 PM EDT

DOVER, Del. (AP) — The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy is asking a judge for permission to file its own reorganization plan, saying the plan proposed by the BSA falls woefully short of fairly compensating abuse victims while...

Editorial Roundup: Michigan

Apr. 05, 2021 09:08 AM EDT

Traverse City Record-Eagle. April 4, 2021. Editorial: Fixing PFAS notification problems shouldn’t take discussion They just don’t get it. Weeks ago, after a Record-Eagle reporter unearthed a massive procedural flaw in how...

California man charged in 'body brokering' kickback scheme

Mar. 30, 2021 19:24 PM EDT

SANTA ANA, Calif. (AP) — A Southern California man was arrested Tuesday on charges that he took kickbacks to steer new patients to sober living homes in a scheme known as “body brokering," authorities said. Darius Moore, 27, of Santa Ana was arrested by the FBI and...

Millennial Money: Prepare for COVID medical bills this year

Mar. 30, 2021 07:28 AM EDT

Testing and vaccination for the coronavirus is free thanks to laws passed last year. Treatment isn’t, however, and may be about to get more expensive. A new vaccine is in production, millions of doses are being administered daily and President Joe Biden says there will...

Buffalo Bills' home gets new name: Highmark Stadium

Mar. 29, 2021 19:42 PM EDT

ORCHARD PARK, N.Y. (AP) — The Buffalo Bills’ home has a new name: Highmark Stadium. The newly rebranded health insurer, Highmark BlueCross, BlueShield of Western New York, has purchased the naming rights for what was simply known as Bills Stadium last season, the team...

Insurer CEO eyes future filled with telehealth, home visits

Mar. 28, 2021 12:04 PM EDT

Spring break takes on a different meaning during a pandemic when you lead a Florida health insurer that covers about 5 million people. Patrick J. Geraghty isn’t crazy about his state filling up with crowds of potentially unmasked college students who could spread...

Caesars puts pandemic losses at $2B, wants insurers to pay

Mar. 25, 2021 21:20 PM EDT

LAS VEGAS (AP) — Casino giant Caesars Entertainment Inc. is putting its losses because of the coronavirus pandemic in 2020 at more than $2 billion, and is suing a long list of insurance carriers it accuses of balking at paying its business interruption costs. In a...

Emergency rule bans credit scoring in Washington for 3 years

Mar. 23, 2021 17:36 PM EDT

OLYMPIA, Wash. (AP) — Washington state Insurance Commissioner Mike Kreidler on Tuesday issued an emergency rule prohibiting insurers from using credit scoring to set rates for personal property for three years after the current coronvirus pandemic is declared over. The...