Latest Insurance industry News
How auto insurers use your nondriving habits to raise prices
You expect your car insurance rates to increase after you buy a new vehicle, cause a crash or add a young driver to your policy. But some insurers jack up prices based on seemingly unrelated data — like your magazine subscriptions or what groceries you buy. Even if you have a clean driving record and have...
What happens when rural EMS systems need to be rescued?
UNION CITY, Pa. (AP) — The first responders’ biggest fear was realized one night in December when someone called 911 for help in rural Erie County and nobody came. The first dispatch went to Union City Fire Co. When Union City couldn’t crew its ambulance, the call rolled over to neighboring...
Lawsuit: 52 people faked Uber accidents for insurance money
COLUMBIA, S.C. (AP) — Some South Carolina residents deliberately caused hit-and-run accidents while in Uber rides as part of an insurance scam, a car insurance company says in a lawsuit. The lawsuit from James River Insurance says 52 people were involved in an insurance scheme that cost the company more...
Political corruption trial of big N Carolina donor to start
RALEIGH, N.C. (AP) — An insurance company magnate and two associates go on trial this week on charges they conspired to bribe an elected North Carolina regulator with up to $2 million in campaign money so scrutiny of his businesses would ease. U.S. District Judge Max Cogburn will preside over the case...
Feds: Florida doctor stole $26M to fund political ambition
TALLAHASSEE, Fla. (AP) — A Florida vascular surgeon bilked the government and health insurers of more than $26 million to possibly finance his political ambitions in his native country of Ghana, federal authorities said. Earlier this month, a federal grand jury unsealed a 58-count indictment alleging that...
CVS Health swings to 4Q profit, lays out leadership changes
CVS Health swung to a fourth-quarter profit and is starting the new year with a management shakeup for its largest business. The company will replace Derica Rice with Dr. Alan Lotvin as the leader of its pharmacy benefit management segment. CVS Health also named former Concerto Healthcare executive Alec...
US says Chinese military stole masses of Americans' data
WASHINGTON (AP) — Four members of the Chinese military have been charged with breaking into the computer networks of the Equifax credit reporting agency and stealing the personal information of tens of millions of Americans, the Justice Department said Monday, blaming Beijing for one of the largest hacks...
Governors warn Trump rule could lead to big Medicaid cuts
WASHINGTON (AP) — Governors of both major political parties are warning that a little-noticed regulation proposed by President Donald Trump's administration could lead to big cuts in Medicaid, reducing access to health care for low-income Americans. The arcane fiscal accountability rule proposed by the...
PG&E clears another bankruptcy hurdle with debt refinancing
SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California. U.S. Bankruptcy Judge Dennis Montali signed off on the deal to...
Michigan governor to take national stage to rebut Trump
LANSING, Mich. (AP) — Democrats are putting Gov. Gretchen Whitmer of Michigan on the national stage Tuesday to rebut President Donald Trump, elevating a fresh face and casting an election-year spotlight on a swing state in the Midwest as the party looks to win back states Trump narrowly captured. The...
LOADING MORE STORIES
