AUSTIN – An unprecedented move by the Texas Department of Insurance to publicize recent rate hikes by State Farm Insurance sparked a legal challenge from the company Tuesday over what it said was confidential information. Texas’ largest insurer filed suit against the state agency seeking to protect from disclosure certain information that State Farm...
Skyrocketing premiums have stunned some consumers who buy their own health insurance policies. People in several corners of the country are facing increases of 20 percent or more from some insurers. Congress has asked the largest health insurer, WellPoint Inc., to testify about rate hikes of up to 39 percent for its Anthem Blue...
Consumer Watchdog says Anthem violated California’s health and safety code when it closed policies to newcomers and offered remaining customers alternative plans with fewer benefits at higher rates. A consumer group sued Anthem Blue Cross on Monday, accusing California’s largest for-profit health insurer of violating state law by closing certain policies to new members...
Sacramento, CA — Anthem Blue Cross is in the hot seat in Sacramento. State Insurance Commissioner Steve Poizner is alleging that the insurance company has committed over 700 violations of California law. “There’s evidence to suggest that there have been serious issues with the way Anthem deals with paying health insurance claims,” says Poizner....
President Barack Obama wants to give the federal government sweeping new authority to curb exorbitant rate hikes by the nation’s health insurance companies, a White House official said Sunday night – a proposal designed to win over skeptical voters as Obama announces his own health insurance legislation for the first time Monday. Releasing his...
Washington (CNN) — Health insurance premiums have skyrocketed in recent years and a new government report says the increases are likely to continue, underscoring the need for reform. In releasing the report Thursday, Health and Human Services Secretary Kathleen Sebelius pointed to the recent announcement by Anthem Blue Cross of California that it plans...
Recently, Anthem Blue Cross of California, an insurance company owned by the for-profit company WellPoint, Incorporated, announced that its individual market premiums would rise by as much as 39 percent in the coming months. This shocking increase isn’t unique. Across the country, families have seen their premiums skyrocket in recent years, and experts predict...
George Joseph is bankrolling Proposition 17 on the June ballot, saying it’s about lowering rates for California drivers. Not everyone agrees. I spent nearly two hours last Friday in the office of Mercury Insurance Chairman George Joseph. He seemed like a nice guy, but half an hour into it, my head was spinning. Joseph...
Q4 loss 712 million euros vs forecast 306 mln loss * Charges for aid repayment offset bank profits * Assumption changes drive surprise insurance loss * Start of insurance disposal unlikely this year * Shares up 4.6 pct, outperform banking sector (Adds press conference, Breakingviews column) By Ben Berkowitz AMSTERDAM, Feb 17 (Reuters) –...
(CBS) Consumer advocates say health insurance scams are growing at an alarming rate in the tough economy, and operating in nearly every state. “People are suffering devastating financial losses,” James Quiggle, of the Coalition Against Insurance Fraud tells CBS News. “They are looking for a better health insurance deal. Swindlers love this kind of...
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