Insurance industry

January 08, 2019 - 1:13 pm
BERLIN (AP) — German insurance company Munich Re says the Northern California wildfire that killed dozens of people and burned down the town of Paradise was the world's costliest single natural disaster in 2018. The reinsurance giant said on Tuesday that the November fire caused overall losses of $...
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Allyson Schwartz, president of Better Medicare Alliance, speaks during an Interview with the Associated Press in Washington, Wednesday, Dec. 12, 2018. The group, gaining influence in Washington as a champion for Medicare beneficiaries, is bankrolled by major health insurance companies that are trying to cash in on private coverage offered through the federal health insurance program.(AP Photo/Carolyn Kaster)
December 21, 2018 - 1:15 pm
WASHINGTON (AP) — A group gaining influence in Washington as a champion for Medicare beneficiaries is bankrolled by major health insurance companies that are trying to cash in on private coverage offered through the federal health insurance program. The Better Medicare Alliance claims a far-flung...
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FILE - In this Dec. 1, 2003 file photo, a person looks at oil sludge on a beach in Finisterre in Galicia, northwestern Spain. Spain's Supreme Court on Thursday Dec. 20, 2018, has ruled that the captain and the insurer of the Prestige oil tanker must pay more than 1.5 billion euros in compensation to Spain, France and authorities in Spain's Galicia region, as well as to another 269 companies, communities and individuals affected by the spill after Spain's biggest environmental disaster, when the ship sank in 2002. (AP Photo/Carmelo Alen, File)
December 20, 2018 - 8:34 am
MADRID (AP) — Spain's Supreme Court has ruled that the captain and the insurer of the Prestige oil tanker must pay more than 1.5 billion euros ($1.7 billion) in compensation for Spain's biggest environmental disaster, when the vessel sank in 2002. The court said in a statement Thursday that captain...
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FILE- In this Dec. 12, 2018, file photo trader Gregory Rowe works at the New York Stock Exchange, Wednesday, Dec. 12, 2018, in New York. The U.S. stock market opens at 9:30 a.m. EST on Monday, Dec. 15. (AP Photo/Mark Lennihan, File)
December 17, 2018 - 1:23 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month. Longtime market favorites like Microsoft and Amazon took heavy losses Monday...
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Nancy Buchholz holds her late husband Jeff's photo and billing notices from the hospital, showing that care costs had surpassed $300,000. Jeff died six weeks after being diagnosed with cancer this spring. Nancy got Bind coverage through her employer, Dove Healthcare and the only bill she had to pay for his hospital stay was the $1,900 copayment laid out in the new insurance plan. (AP Photo/Stacy Bengs)
December 17, 2018 - 10:04 am
People with health insurance often pay for coverage they never use. A startup wants to shake that up. It's a radical idea: On-demand insurance that lets customers buy some of their coverage only if and when they need it, similar to how TV viewers might rent a new release from Amazon instead of...
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November 10, 2018 - 2:51 pm
OKLAHOMA CITY (AP) — A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy. Jurors found that Aetna doctors didn't spend enough time reviewing Orrana Cunningham's case...
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The U.S. Medicare Handbook is photographed Thursday, Nov. 8, 2018, in Washington. Seniors in many states will be able to get additional services like help with chores, safety devices and respite for caregivers next year through private ‘Medicare Advantage’ insurance plans. It’s a sign of potentially big changes for Medicare. (AP Photo/Pablo Martinez Monsivais)
November 09, 2018 - 8:14 am
WASHINGTON (AP) — In a harbinger of potentially big changes for Medicare, seniors in many states will be able to get additional services such as help with chores, safety devices and respite for caregivers next year through private Medicare Advantage insurance plans. The shift reflects a growing...
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November 07, 2018 - 2:13 pm
WASHINGTON (AP) — The United States is warning other countries not to allow Iranian oil tankers into their territorial waters or ports, saying such access may run afoul of U.S. sanctions and not only incur penalties, but also result in catastrophic economic and environmental damage should an...
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FILE - In this Friday, Oct. 26, 2018, file photo specialist Dilip Patel, left, and trader Michael Urkonis work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Nov. 7. (AP Photo/Richard Drew, File)
November 07, 2018 - 6:42 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are climbing in early trading on Wall Street as results of the U.S. midterm elections came in as investors had expected. Technology and health care companies rose broadly in early trading Wednesday,...
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FILE - In this Friday, Oct. 26, 2018, file photo trader Jeffrey Vazquez, center, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 6. (AP Photo/Richard Drew, File)
November 06, 2018 - 1:25 pm
NEW YORK (AP) — U.S. stocks rose Tuesday as industrial and technology companies recovered some of the big losses they took over the last month. Strong company earnings also contributed to the gains, but stocks stayed calm as traders waited for results from the midterm elections in the U.S...
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