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HEALTH
December 19, 2011 | By Lisa Zamosky, Special to the Los Angeles Times
I just received a letter from my cardiologist's medical group saying they will be charging a $350 annual fee for administrative costs. This is the first time I've seen a medical group charging an annual fee to its patients. Is this what the bad economy has come to? The fee appears exorbitant and discriminatory against less wealthy individuals. Though charging for administrative services isn't yet widely common, the practice is growing, says James Doherty, an attorney who works with physician practices in Columbia, Md. There are a variety of reasons why, adds Dr. Glen Stream, president of the American Academy of Family Physicians: the bad economy, a downward trend in physician reimbursement and a growing list of administrative tasks heaped onto physician practices by insurance companies.
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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
AUTOS
September 5, 2013 | By David Undercoffler
Here's another item to add to the "That costs more in Los Angeles" list, and it isn't pretty: car insurance. The 10 most expensive ZIP Codes for car insurance in the state of California are all in the L.A. metro area. L.A. County is also the most expensive county in the state, while Beverly Hills wins the honor of most expensive city in the state to insure a vehicle. The findings are from a study commissioned by InsuranceQuotes.com. "Where you live is playing a big role in the rate you're paying," said Laura Adams, senior analyst for the website InsuranceQuotes.
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.
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
January 27, 2012 | By Marc Lifsher
State insurance regulators and trade groups have settled a pair of lawsuits stemming from efforts to pressure insurers to stop investing in corporations engaged in energy, nuclear or defense-related work in Iran. California Insurance Commissioner Dave Jones announced the settlement late Friday. At issue was a controversial 2009 initiative by Jones' predecessor, Steve Poizner, that threatened to penalize insurance companies and publicize their investments in companies that indirectly benefit the government of Iran.
BUSINESS
March 24, 2006 | From the Associated Press
A federal judge ordered Martin Frankel on Thursday to serve the same sentence he got in 2004 for stealing $200 million from insurance companies: nearly 17 years in federal prison. The former financier was ordered resentenced after a Supreme Court ruling last year gave judges more leeway in their use of sentencing guidelines. During a brief hearing in U.S. District Court, Judge Ellen B. Burns said she saw no reason to alter the sentence.
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