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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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NATIONAL
October 5, 2010 | By Noam N. Levey, Tribune Washington Bureau
The insurance industry is pouring money into Republican campaign coffers in hopes of scaling back wide-ranging regulations in the new healthcare law but preserving the mandate that Americans buy coverage. Since January, the nation's five largest insurers and the industry's Washington-based lobbying arm have given three times more money to Republican lawmakers and political action committees than to Democratic politicians and organizations. That is a marked change from 2009, when the industry largely split its political donations between the parties, according to federal election filings.
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
November 1, 2011 | By Angela Woodall
For months after the 1991 Oakland hills fire reduced his home to a charred heap, Howard Matis would return from work, then close his eyes and imagine the contents of every drawer, shelf, cupboard and closet of his two-story bungalow. His was one of more than 3,300 single-family homes destroyed by the firestorm, which caused losses in excess of $1.5 billion. And while the ashes of their ruined houses were still smoldering, homeowners like Matis discovered that the safety net their insurance was supposed to provide was riddled with holes.
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
BUSINESS
July 30, 2012 | By Marc Lifsher
SACRAMENTO -- Proponents of an auto insurance discount initiative -- backed financially by the chairman of Mercury General Corp. -- are accusing the state attorney general and their opponents of submitting incorrect statements for the official ballot pamphlet. The campaign to pass Proposition 33 in November filed a lawsuit on Friday contending that the legal "title and summary" that is to be put before voters contains "inaccurate language that is highly likely to prejudice voters against the measure.
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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