Latest Insurance industry News

FILE- In this Jan. 22, 2018, file photo a shopper scans an Amazon Go app on a cellphone while entering an Amazon Go store in Seattle. 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.  (AP Photo/Elaine Thompson, File)

How auto insurers use your nondriving habits to raise prices

Feb. 26, 2020 3:36 PM EST

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...

In this Jan. 11, 2020, photo first responder Brandon Smitley looks at a GPS map on his phone trying to find the correct address for a welfare check in Uniontown, Pa.. (Alexandra Wimley/Pittsburgh Post-Gazette via AP)

What happens when rural EMS systems need to be rescued?

Feb. 24, 2020 10:36 AM EST

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

Feb. 20, 2020 9:36 PM EST

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...

FILE - This undated photo provided by Robert Brown Public Relations shows Greg Lindberg. Lindberg, and two associates, accused of fraud conspiracy and bribery counts related to an alleged scheme of giving up to $2 million in campaign money to help Insurance Commissioner Mike Causey in exchange for Causey pushing aside a senior deputy, go on trial next week. (Robert Brown Public Relations/Greg Lindberg via AP, File)

Political corruption trial of big N Carolina donor to start

Feb. 15, 2020 10:26 AM EST

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

Feb. 14, 2020 9:02 PM EST

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...

FILE - In this May 30, 2019, file photo, the new HealthHUB is shown inside a CVS store in Spring, Texas. CVS Health reports financial results on Wednesday, Feb. 12, 2020. (AP Photo/David J. Phillip, File)

CVS Health swings to 4Q profit, lays out leadership changes

Feb. 12, 2020 11:07 AM EST

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...

Attorney General William Barr speaks during a news conference, Monday, Feb. 10, 2020, at the Justice Department in Washington, as Principal Associate Deputy Attorney General Seth Ducharm looks on.  Four members of the Chinese military have been charged with breaking into the 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 in history. (AP Photo/Jacquelyn Martin)

US says Chinese military stole masses of Americans' data

Feb. 10, 2020 10:07 PM EST

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...

FILE - In this Nov. 29, 2017 file photo, Seema Verma, administrator of the Centers for Medicare and Medicaid Services, speaks during a news conference in Newark, N.J.  Governors of both parties are warning that a little-noticed regulation proposed by the Trump administration could lead to big cuts in Medicaid, restricting their ability to pay for health care for low-income Americans. (AP Photo/Julio Cortez, File)

Governors warn Trump rule could lead to big Medicaid cuts

Feb. 6, 2020 6:54 AM EST

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...

FILE - In this Oct. 31, 2019, file photo, smoke from the Maria Fire billows above Santa Paula, Calif. A federal judge has approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy. The company cleared its latest hurdle Tuesday, Feb. 4, 2020, when U.S. Bankruptcy Judge Dennis Montali signed off on a deal to refinance billions of dollars in debt to pay off PG&E bondholders who threatened to cause problems. (AP Photo/Noah Berger, File)

PG&E clears another bankruptcy hurdle with debt refinancing

Feb. 4, 2020 6:43 PM EST

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 Gov. Gretchen Whitmer delivers her State of the State address to a joint session of the House and Senate, Wednesday, Jan. 29, 2020, at the Michigan State Capitol in Lansing, Mich. (AP Photo/Al Goldis)

Michigan governor to take national stage to rebut Trump

Feb. 3, 2020 11:07 AM EST

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...