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July 24, 2008 2:11:44 PM CDT

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Stories related to: insurance companies

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12 Stories

  • June 2008

    • Embattled AIG CEO Steps Down

      newser  |  Wall Street Journal  |  Jun 15, 08 3:43 PM CDT

      Embattled AIG CEO Steps Down

      Martin Sullivan has stepped down as AIG's CEO, and the company's board named chairman Maurice Willumstad his successor, insiders tell the Wall Street Journal . The insurance giant's stock has plummeted more than 50% since October due to subprime writedowns, and Sullivan is still embroiled in legal battles with his former boss. The new chief may start with a clean slate, but the state of American real estate remains daunting. More »

      Tags

      subprime mortgages  • subprime crisis  • CEO  • AIG  • CEOs  • insurance companies  • Martin Sullivan  • American International Group  • insurance industry

  • April 2008

    • Insurers Quietly Hike Rx Costs

      newser  |  New York Times  |  Apr 14, 08 9:47 AM CDT

      Insurers Quietly Hike Rx Costs

      Pricey prescription drugs are getting pricier, and, the New York Times reports, insurance companies are asking patients to shoulder more of the burden. Insurers are quietly phasing out traditional drug plans, which charge a fixed co-pay of $20 or $30 to fill a prescription, in favor of so-called Tier 4 plans, which squeeze patients who need certain expensive drugs for as much as a third of their cost—which can run to thousands of dollars a month. More »

      Tags

      health care  • prescription drugs  • insurance  • drug companies  • insurance companies  • co-pays

  • March 2008

    • India: Solution to US Health Crisis

      newser  |  Chicago Tribune  |  Mar 28, 08 2:32 PM CDT

      India: Solution to US Health Crisis

      India is a top destination for uninsured Americans needing major surgery, the Chicago Tribune reports, with prices up to 85% lower than US rates. Last year, India welcomed 150,000 medical tourists, the Chicago Tribune reports—and now, HMOs want a piece of those savings. “Employers may soon follow in the footsteps of individuals,” a recent American Medical Association report concluded. More »

      Tags

      India  • health insurance  • outsourcing  • insurance companies  • medical costs  • medical tourism

  • February 2008

    • Berkshire Hathaway's Q4 Income Off 18%

      newser  |  Wall Street Journal  |  Feb 29, 08 6:30 PM CST

      Berkshire Hathaway's Q4 Income Off 18%

      Citing a decline in gains from insurance underwriting and sluggish investment returns, holding company Berkshire Hathaway said today that fourth-quarter income was off 18%—to $2.95 billion, from $3.58 billion—from a year earlier, the Wall Street Journal reports. Billionaire chairman Warren Buffett snuck in digs at Wall Street and the federal government while effectively promising declining profit margins for years to come. More »

      Tags

      New York City  • Warren Buffett  • AIG  • Maryland  • Berkshire Hathaway  • Omaha  • insurance companies  • MBIA  • Ambac  • Oracle of Omaha  • General Reinsurance

  • January 2008

    • Was Company at Fault in Teen's Death?

      newser  |  Wall Street Journal  |  Jan 7, 08 2:20 PM CST

      Was Company at Fault in Teen's Death?

      Seventeen-year-old Nataline Sarkisyan, who died waiting for a liver transplant in December, has become the poster girl for John Edwards' call for a government-run health plan. Insurance giant Cigna denied her family's claim for the procedure, then reversed its decision a month later. She died shortly thereafter. But the story isn't as clear-cut as Edwards suggests in his stump speeches, the Wall Street Journal reports. More »

      Tags

      John Edwards  • health care  • insurance companies  • Cigna  • Nataline Sarkisyan

  • November 2007
  • July 2007

    • House Dems Call for Expanded Health Care Bill

      newser  |  New York Times  |  Jul 23, 07 9:29 AM CDT

      House Dems Call for Expanded Health Care Bill

      The Senate reached a rare bipartisan agreement to beef up insurance coverage for low-income kids, and now House Democrats are proposing a health care plan with an even wider scope. Their plan yokes the children's coverage to big changes in Medicare, and is sure to heat up the confrontation between the White House and Congress over health care, the New York Times reports. More »

      Tags

      health care  • health insurance  • health care costs  • insurance companies  • medical costs  • child care

    • Fake Experts Fool Seniors

      newser  |  New York Times  |  Jul 8, 07 9:27 AM CDT

      Fake Experts Fool Seniors

      Elderly Americans are being duped out of millions by financial advisers with trumped-up credentials, the New York Times reports. Over 39,000 "certified senior advisers" have been rubber stamped by pay-for-service courses in the last decade, and they're selling popular—but unnecessary—financial products to the elderly. More »

      Tags

      elderly  • senior citizens  • scam  • insurance companies  • financial planning

  • May 2007
  • April 2007

    • Insuring Against Political Risks

      newser  |  Economist  |  Apr 6, 07 1:45 PM CDT

      Insuring Against Political Risks

      Political-risk insurance has quietly become a billion-dollar industry, the Economist reports, as Western corporations doing business in the developing world crave protection against coups, embargoes and civil wars. The Berne Union, a syndicate of 30 of the field's biggest insurers, says members have $113 billion in outstanding policies in some of the most hazardous places on Earth. More »

      Tags

      Iraq  • Afghanistan  • insurance  • insurance companies

    • Insurer Ties Employee Pay to Patient Health

      newser  |  Los Angeles Times  |  Apr 4, 07 8:32 AM CDT

      Insurer Ties Employee Pay to Patient Health

      The country's largest health insurer says it will pay up for good health--offering bonuses to employees who boost patients' use of preventive medical services. WellPoint Inc.'s plan is intended to encourage participation in programs like diabetes management, which helps patients handle their medical needs before they end up in the emergency room. More »

      Tags

      health  • health care  • medicine  • diabetes  • health insurance  • health care costs  • insurance  • insurance companies  • preventative medicine

  • March 2007

    • Insurers Fighting Claims of Elderly

      newser  |  New York Times  |  Mar 26, 07 10:36 AM CDT

      Elderly patients who bought long-term care policies are finding their claims denied by companies calculating that they don’t have the resources or the energy to fight and are likely to die before their cases are settled. An investigation by Charles Duhigg identifies insurance companies that reject coverage for the aged and infirm at a much higher than normal rate. More »

      Tags

      health care  • fraud  • elderly  • health insurance  • insurance companies

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