Latest Insurance industry News

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...

Woman accused of stealing from employer pays $400 fine

Feb. 14, 2020 7:58 AM EST

BEATRICE, Neb. (AP) — A woman accused of stealing from a Beatrice insurance agency has been fined $400. Gage County Court records say Nicole Nelson paid the fine Thursday. The 45-year-old had pleaded no contest to a misdemeanor theft charge. She originally was charged with felony theft. The Beatrice Daily...

Health system: Costs of doc's murder defense aren't covered

Feb. 14, 2020 1:10 AM EST

COLUMBUS, Ohio (AP) — A Michigan-based health system and its insurer aren't responsible for the costs of an Ohio doctor's defense against murder charges in the deaths of 25 hospital patients, the businesses' lawyers argued in court filings this week. Officials in the Columbus, Ohio-area Mount Carmel...

Massachusetts Senate approves mental health parity bill

Feb. 13, 2020 6:18 PM EST

BOSTON (AP) — Individuals suffering from mental health issues would have access to health care on par with those suffering from physical ailments like high blood pressure or diabetes under a bill approved unanimously Thursday by the Massachusetts Senate. Supporters say the bill would help remove existing...

Boston man pleads guilty to life insurance fraud

Feb. 12, 2020 3:32 PM EST

BOSTON (AP) — A Boston man pleaded guilty in federal court on Wednesday to scheming to defraud several insurance companies out of millions of dollars by taking out life insurance policies on a brother who had died. Kellerman Jason Zheng, 33, pleaded guilty to mail and wire fraud, the U.S. attorney for...

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...

Settlement means jewelry shop will give refunds to customers

Feb. 11, 2020 1:35 PM EST

COEUR D'ALENE, Idaho (AP) — An Idaho jewelry shop has won a dispute with an insurance company and a weather laboratory over the amount of snow that fell during a holiday marketing promotion. The outcome ensures hundreds of customers will get refunds as promised. Clark's Diamond Jewelers on Monday settled...

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...

Bill seeks parity between care for mental, physical ailments

Feb. 6, 2020 5:19 PM EST

BOSTON (AP) — The Massachusetts Senate unveiled a sweeping bill Thursday aimed at making good on the state's long-held pledge to provide mental health care on a par with care for physical ailments like heart disease or a broken leg. Supporters say the bill would help remove barriers to timely care, provide...