22 results - (0.000 seconds)

insurance companies:

    PHOENIX (AP) — A 57-year-old Mesa woman faces six years in prison after pleading guilty to felony charges in the theft of over 1,000 checks from insurance companies issued for doctors who employed her. Sharon Ashcroft was sentenced last week in Maricopa County Superior Court after pleading guilty last October to theft and attempted fraud charges. Ashcroft worked as a part-time medical biller for two Tempe ophthalmologists between 2011 and 2017. According to the Arizona Attorney General's Office, Ashcroft deposited insurance company checks in bank accounts she controlled and fraudulently wrote off the balances as either payment reductions or as uncollectable bad debt from insurance companies. The office says a new officer manager discovered the fraud in 2017 and that...
    President Donald Trump said on Friday he would be working over the next couple of weeks on an executive order to require health insurers to cover preexisting conditions. Insurance companies were prohibited from denying coverage to people with preexisting conditions under the Affordable Care Act passed under former President Barack Obama, known as Obamacare, which the Trump administration has tried to scrap. "Over the next two weeks Ill be pursuing a major executive order requiring health insurance companies to cover all preexisting conditions for all customers," Trump said at a news conference at his golf property in Bedminster, New Jersey. The Republican president, who is trailing Democratic candidate Joe Biden in several polls ahead of the Nov. 3, gave no...
    Photo by Hero Images via Getty Images As companies look for ways to reduce their workforce to trim costs during the pandemic, more are offering early retirement packages to their employees. And it's not just affecting individuals in their late 50s or older. Younger workers who are in their 40s are getting offers too. The trend has become widespread in industries such as airlines, hospitality, restaurant and retail, but it's gaining momentum across sectors. It is also an option being offered to teachers and government workers nationwide. "Many of these individuals had no plans to immediately retire, but unfortunately Covid-19 has taken this choice away from them," says Stacey Francis, a certified financial planner in New York and president and...
    State lawmakers are preparing a gift for you: a massive increase in the premiums you pay to insure your home and property. While most Californians have been in lockdown, lobbyists for the insurance industry have been in Sacramento working hard to overturn protections California voters passed in 1988 against insurance price-gouging and discrimination. Proposition 103 required insurance companies that want to raise their rates to open their financial records for public scrutiny and justify their requests. The initiative prevented insurance companies from padding their premiums with inflated expenses. And it barred inequitable underwriting practices that penalize the communities that can least afford it. Assembly Bill 2167, authored by Tom Daly, D-Anaheim, would repeal those safeguards. It would allow insurance companies...
    SAN FRANCISCO (CBS SF) — Owners of the Cliff House restaurant in San Francisco announced Wednesday they are suing the insurance firm Allianz and its affiliates, claiming the companies didn’t honor the national park concessionaire’s business interruption policy.  In a lawsuit filed on Wednesday in San Francisco Superior Court, Dan and Mary Hountalas said they closed the Cliff House temporarily on March 16 to comply with emergency orders imposed to stanch the coronavirus pandemic, but Allianz and its affiliates refused to cover their resulting losses.   For 47 years, the Hountalases have run the Cliff House concession, which sits on San Francisco’s western edge and overlooks the ocean. They laid off nearly all 185 of their employees amid the pandemic, according to...
    Masks are super important to wear during this pandemic. They can help prevent the spread of disease and thus, save so many lives. The director of the CDC, Robert Redfield, even said that if everyone wore a mask, then we could finally get the pandemic under control. It’s a simple, yet life-saving step that everyone should be doing. Unfortunately, because many masks and other protective gear are disposable, it has caused a huge influx of waste in the environment, especially in the ocean. Source: Guardian News The French non-profit, Opération Mer Propre, pick up trash along the Côte d’Azur and noticed that there were huge amounts of disposable gloves, masks, and hand sanitizer bottles floating among the usual waste....
    CBS Detroit – Michigan’s main insurance regulator is raising concerns after auto insurance companies are telling customers the wrong information regarding the recent insurance reforms to Michigan’s old no-fault law. Many people are being told they cannot make changes to their policy until their policy is up for renewal. This means many Michiganders are being told they have to wait months before they can make changes to their policies. In an article by the Free press, Anita Fox, who is the director of the Department of Insurance and Financial Services (DIFS), says what people are being told is false, and maybe in violation of the law. In a bulletin that was released, Fox said this was improper behavior. Insurance companies...
    UFC 251 weigh-in results: All six title fighters hit their marks in Abu Dhabi Jair Bolsonaro Fast Facts Best Homeowners Insurance Companies of 2020 © Money; Getty Images 2020-Best-Home-Insurance Money’s Top Picks Erie Insurance Company: Best Range of Coverage Options Allstate: Best for Claim-Free Homeowners Amica Mutual: Best for Customer Service Lemonade: Best for Fast Claims Payment More on Money’s Top Picks To narrow down the best homeowners insurance companies in the nation, we conducted over 400 hours of research, interviewed experts in the fields of insurance and risk management, vetted 19 companies, and analyzed over 400 data points including customer satisfaction ratings, complaint ratios, financial strength ratings, and coverage options. © Provided by...
    BERKELEY (CBS SF) — The famed founder of Berkeley’s Chez Panisse Restaurant on Thursday talked about a recently filed lawsuit against her insurers over COVID-19 shutdown losses. The restaurant announced on Tuesday it was suing its insurance carrier AMCO Insurance Company after they rejected the restaurant’s claim, saying their business interruption policy doesn’t cover a pandemic. Founder, chef and Chez Panisse owner Alice Waters said she was shocked when her carrier told her company any financial loss caused by a virus is excluded from the coverage. Like most businesses, Chez Panisse has lost a lot of money. Waters told KPIX 5 they need the funds to pay staff and vendors. “I don’t sue people easily. I don’t believe in it,”...
    Friday night lights could go out in Texas as coronavirus threatens high school football 5 Things You Used to Do at the Grocery Store That Youll Never Do Again Cheapest Life Insurance Companies of 2020 Purchasing a life insurance policy is one of the smartest ways to protect your loved ones. "Having the right life insurance protects the finances of those you love–such as a partner, spouse, children or parents after you're gone," says insurance expert Laura Adams. The policy you buy today may ensure that your surviving spouse can pay off your home's mortgage and your kids can realize their dream of a college education. "You can also use a life policy as a financial planning tool to...
    D.C. companies should soon gain more time to file business interruption insurance claims, after lawmakers passed a bill designed to relieve some stress on business owners deciding whether to claim damages amid the coronavirus pandemic. The legislation, passed unanimously Tuesday by the D.C. Council, essentially stops the clock from running on deadlines for claims under such policies while the public health emergency persists. Companies would then have another 90 days to file a claim from whenever Mayor Muriel Bowser agrees to lift her Covid-19 restrictions. The bill is a substantially less aggressive step compared to earlier efforts by lawmakers to expand the protections offered by business interruption policies to include the pandemic’s economic disruptions. That push failed amid fierce opposition...
    Laurie Hernandez is Changing the Game by opening up and embracing her emotions Parents Want Schools To Reopen Just as Much as Trump — That’s the Problem Opinion: This hidden COVID-19 investment theme is ‘one of the best buying opportunities I have ever seen’ In the hunt for COVID-19 plays, investors have fallen head over heels for “work-at-home” stocks and companies in vaccines and therapies. © AFP via Getty Images This makes sense. But smart investors are looking beyond the classic virus beneficiaries to snap up an unusual lot of COVID-19 stocks — insurers (KIE) . Load Error Unlike favored virus stocks like Zoom Video (ZM) Teladoc Health (TDOC) Novavax (NVAX) and Moderna (MRNA) insurers won’t directly benefit from...
    Bubba Wallace: President Trump has more things to worry about than NASCAR How We Picked the 2020 SELF Healthy Beauty Award Winners Opinion: This overlooked COVID-19 investment theme is ‘one of the best buying opportunities I have ever seen’ In the hunt for COVID-19 plays, investors have fallen head over heels for “work-at-home” stocks and companies in vaccines and therapies. © AFP via Getty Images This makes sense. But smart investors are looking beyond the classic virus beneficiaries to snap up an unusual lot of COVID-19 stocks — insurers (KIE) . Load Error Unlike favored virus stocks like Zoom Video (ZM) Teladoc Health (TDOC) Novavax (NVAX) and Moderna (MRNA) insurers won’t directly benefit from the virus. Quite the opposite....
    Famed Berkeley restaurant Chez Panisse filed a lawsuit Tuesday against its insurance company, AMCO, for wrongfully denying coverage for losses resulting from the government-mandated shutdowns related to the coronavirus pandemic. Owner-founder Alice Waters said in a statement that “Chez Panisse spent years paying hefty premiums for business interruption insurance and AMCO has an obligation to help provide economic relief to my team and restore the wide-ranging supply chain of small farms and businesses that Chez Panisse relies on to provide fresh and local cuisine.” Business interruption insurance typically helps protect against lost income after a covered peril, and this is not the first lawsuit of its kind during COVID-19. Tuesday’s news comes on the heels of similar individual and class-action...
    Coronavirus updates: NYC reaches 1% positivity rate Coronavirus causes McDonald’s to pause reopening plans Opinion: The latest sign of a stock market bubble: Small companies claiming to disrupt large industries © Getty The stock market is complex. Many investors are having difficulty making buying and selling decisions lately. We can gain an insight by reviewing mobile-based insurance startup Lemonade (LMND) which is the best IPO of 2020. It went public last week. Let’s first build the foundation for this topic with the help of a chart. Load Error Chart Please click here for an annotated chart of the Dow Jones Industrial Average ETF (DIA) which tracks the Dow Jones Industrial Average (DJIA) Note the following: • The...
    Shortly after George Floyd took his last breath, Mayor Jacob Frey likely made a call to Minneapolis Chief Financial Officer Mark Ruff to ask a surprisingly pointed question: “Can we afford this?” In 2019, Minneapolis settled a wrongful death suit with the family of Justine Damond for an unprecedented $20 million for her fatal encounter with the Minneapolis Police Department. No previous settlement for a civil rights suit had even come close — local activists complained that this was because Justine was white and other victims of police killings, like Jamar Clark, were Black. READ MORE: No discipline for cops in killing of Minneapolis man Jamar Clark (Photo: Family of Jamar Clark) The payout blew a hole in the city’s...
    Counties where American dream is dead Mount Rainier: Body of missing man found How Trump gave insurance companies free rein to sell bad health plans In October 2018, Ashley Lawley saw a chiropractor in her home state of Alabama. During that visit, the chiropractor examined a suspicious lump on her neck and advised her to consult a surgeon about having it removed. © Christina Animashaun/Vox But she needed to make sure her insurance covered her. She called a health insurance broker, one she had previously spoken with on the phone. The broker — given the alias “Justin” in a class-action lawsuit two years later — told her she’d need to purchase a new major medical plan. He allegedly...
    Crises often highlight both the best and the worst of humanity. Coronavirus is no exception. It has brought out the best in America's health care workforce. Public support for nurses, doctors, and other frontline workers is overwhelming. Doctors, nurses, respiratory therapists, food service workers, janitors, and administrators, among countless others have risen to the challenges of high intensity work in the setting of a novel virus, without preventative strategies or treatment options, limited testing, little PPE, and not enough ventilators. Doctors are going to work in some cases not knowing whether we will be paid, and in all cases not knowing whether we will survive. By May, about 60,000 healthcare workers had turned positive, and about 300 have died. But...
    The U.S. communications regulator on Tuesday proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers. The Federal Communications Commission said John Spiller and Jakob Mears made the calls through two businesses. State attorneys general of Arkansas, Indiana, Michigan, Missouri, North Carolina, Ohio and Texas also sued the two men and their companies, Rising Eagle and JSquared Telecom, in federal court in Texas, where both men live, for violating the federal law governing telemarketing, the Telephone Consumer Protection Act. The FCC said the robocalls offered plans from major insurers like Aetna and UnitedHealth with an automated message. If consumers pressed a button for more information,...
    CHICAGO — The state is pressuring insurance companies to take care of small businesses quickly so they can reopen after recent looting and vandalism. Chicago and other cities across the state have seen small businesses stolen from and damaged in recent days — just as they were trying to reopen after months of being closed due to coronavirus. Hoping to help, the state has asked major insurance companies to speed up payouts. “Insurance companies must do everything in their power and are obligated to give their customers the funds they need to rebuild and get back on their feet as soon as possible,” Gov. JB Pritzker said during a Monday press conference. “Help can’t wait.” Companies should expedite claims and...
    SAN FRANCISCO (KGO) -- Businesses across the nation have been devastated by the COVID-19 shutdown. Now, many are suffering the added losses of vandalism and looting. But an odd twist to the dual crises: insurance.Businesses were outraged to find their insurance refused to cover any of their massive losses due to the pandemic. Now that many have also been looted and vandalized, will their insurance finally come through?It became a dismal normal during the pandemic: empty streets, shuttered businesses now struggling to survive.Business owners thought they were covered for the pandemic since they had already purchased business interruption insurance. But carriers have denied their claims - saying viruses are ruled out for coverage in the fine print.Amy Bach of united...