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Insurance Companies

OPINION
September 30, 2011
State law requires insurers to include coverage for autism in comprehensive healthcare policies. Now, lawmakers want to go a step further, requiring coverage of a particular autism treatment: applied behavioral analysis. Insurers are resisting. They don't question the effectiveness of the therapy; they just say it doesn't fit the definition of "medical" treatment. Their position reflects how crucial parts of the healthcare system are wedded to the status quo, regardless of what's best for patients.
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CALIFORNIA | LOCAL
April 23, 2013 | By Richard Winton, Los Angeles Times
When the casket that was supposed to hold the earthly remains of Jim Davis was finally lowered into the ground, the only thing missing was the late Mr. Davis. The coffin had been weighed down to simulate the approximate heft of a corpse. And Jim Davis was not inside the box. Federal prosecutors said the phony funeral was among the inventive tricks that Jean Crump - a onetime Long Beach mortician - used to loot insurance companies out of hundreds of thousands of dollars. On Tuesday, she was sentenced to 18 months in federal prison.
CALIFORNIA | LOCAL
December 31, 1990
The supporters of Proposition 103 were foolish to believe that any action short of recalling insurance commissioner Roxani Gillespie would provide relief from rising insurance companies. Her lame-duck actions reveal that the system doesn't have checks and balances, rather it favors the checks that don't bounce and large insurance companies' account balances. J. BRIAN AMSTER, Newport Beach
BUSINESS
July 13, 1991 | Associated Press
New York state is investigating auto insurance companies for failing to give required discounts to consumers who have safety and anti-theft devices on their cars, officials said Friday. Attorney General Robert Abrams said car owners have been cheated out of as much as $30 million in New York--and more nationally--by insurance companies that advertise discounts and then don't give them.
CALIFORNIA | LOCAL
November 19, 1988
Isn't it time for our government to start an InsureCare program so that, in addition to health care, people can buy automobile, household and other insurance at a reasonable, affordable price? If the government made only half the profit made by the insurance companies, it would go a long way toward paying off the deficit. So let the insurance companies in the private sector move to Siberia! MONROE RUBINGER Beverly Hills
CALIFORNIA | LOCAL
August 10, 2012 | By Maura Dolan, Los Angeles Times
The state of California is likely to receive tens of millions of dollars more from insurance companies to clean up the Stringfellow Acid Pits toxic waste dump as a result of a ruling Thursday by the California Supreme Court. In a unanimous decision, the high court said consecutive insurance policies by various companies required each to pay up to their policy limits for damage caused by the Riverside County waste site. The companies wanted to restrict liability to just a share of the damage that occurred during the time each insurer's policy was in effect.
SPORTS
December 16, 2012
THE $2 BILLION TO BUY THE DODGERS $100 million: Guggenheim Partners Chief Executive Mark Walter $100 million: Guggenheim Partners President Todd Boehly $100 million: Texas energy investor Bobby Patton $50 million: Magic Johnson $25 million: Mandalay Entertainment Group Chairman Peter Guber $412 million: Debt assumption $1.213 billion: Guggenheim Partners insurance companies controlled by Walter The new owners also...
BUSINESS
December 11, 2004
Former financier Martin Frankel was sentenced to more than 16 years in prison for bilking seven insurance companies out of more than $200 million. Frankel, 50, had pleaded guilty in New Haven, Conn., to 24 federal charges of fraud and racketeering. He admitted plotting to loot seven insurance companies in Arkansas, Mississippi, Oklahoma, Missouri and Tennessee that mostly sold funeral policies to the poor.
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