Advertisement
YOU ARE HERE: LAT HomeCollectionsInsurance Companies
IN THE NEWS

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.
Advertisement
CALIFORNIA | LOCAL
April 24, 2013 | By Richard Winton
Jean Crump made up fabulous fictional deaths. She wasn't a best-selling author or a fabled storyteller, but a mastermind of an elaborate life insurance scam, federal prosecutors say. For the fictional "Jim Davis," Crump created a bogus death certificate, purchased a grave plot and loaded the casket with items to simulate the weight of a corpse. On Tuesday, her tales got her 18 months in federal prison. Even when confronted during her trial with a secret FBI video of a meeting in July 2006 with a doctor, who unbeknownst to her was a federal informant, she continued to lie about her actions, federal prosecutors said.
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
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.
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
July 5, 2009 | Jason Felch
In the top-floor ballroom of a downtown San Francisco hotel, Steve Slepcevic took the podium to share the story of his success. The son of Serbian immigrants, he began working on construction sites at the age of 12. By 17, he had started his own general contracting business. Soon enough, he was chasing natural disasters, looking to help victims rebuild their property and put their lives back together.
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.
Los Angeles Times Articles
|