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Empire Blue Cross Blue Shield Of New York

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BUSINESS
June 5, 2001 | MYRON LEVIN, TIMES STAFF WRITER
Cigarette makers Monday suffered their first courtroom defeat at the hands of an insurance company when a federal jury in Brooklyn, N.Y., awarded $17.8 million in damages to the largest health insurer in New York as compensation for smoking-related costs. Industry foes hailed the verdict as a landmark victory but voiced regret that the damages were a fraction of the $2.4 billion that Empire Blue Cross Blue Shield of New York had sought.
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BUSINESS
June 5, 2001 | MYRON LEVIN, TIMES STAFF WRITER
Cigarette makers Monday suffered their first courtroom defeat at the hands of an insurance company when a federal jury in Brooklyn, N.Y., awarded $17.8 million in damages to the largest health insurer in New York as compensation for smoking-related costs. Industry foes hailed the verdict as a landmark victory but voiced regret that the damages were a fraction of the $2.4 billion that Empire Blue Cross Blue Shield of New York had sought.
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BUSINESS
July 27, 1988 | ROD McCULLOM, Times Staff Writer
Citing the extensive costs of testing a drug for the treatment of pre-AIDS conditions, Newport Pharmaceuticals International said Tuesday that it lost $1 million in the second quarter. The Newport Beach company reported revenues of $7.3 million for the three months. For the second quarter of 1987, Newport Pharmaceuticals posted revenues of $5.7 million and a loss of $1.3 million. For the first six months of 1988, revenues were $15.9 million, compared to $9.9 million a year earlier.
BUSINESS
September 20, 1994 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Thousands of victims of an alleged health insurance scam--known as Consolidated Local 867-- won a legal victory when a federal judge in New York City certified their lawsuit as a class action. The Sept. 13 ruling by U.S.
NEWS
November 3, 1991 | FRED BAYLES, ASSOCIATED PRESS
Even before Blue Cross and Blue Shield of West Virginia went bankrupt last fall, state Insurance Commissioner Hanley Clark's phone was busy with calls from worried officials in other states. "There are commissioners who are very much concerned about the financial status of the Blue Cross plan in their states," Clark said. "I don't think we were unique. There are a lot of worried people across the country."
BUSINESS
January 14, 2002 | RONALD D. WHITE, TIMES STAFF WRITER
Six California health plans are expected to announce Tuesday what they call an "unprecedented" effort to improve patient care and control spiraling health-care costs by rewarding doctors and hospitals for quality, not just efficiency. Such an agreement between separate health plans, billed as the first of its kind in the nation, would represent a major step in an extremely competitive industry.
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