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Insurance Companies

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.
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...
February 9, 2014 | By Jonathan Gruber
The recent Congressional Budget Office report on healthcare reform has lots of good news. Insurance premiums are lower than anticipated, the Affordable Care Act will cost $9 billion less than previously estimated and the provision designed to buffer insurance companies from risk will actually raise revenue, not function as any sort of federal government bailout. But the good news has not gotten much attention because the CBO also projected that, within the next several years, healthcare reform may reduce employment and worker hours by the equivalent of about 2 million full-time positions.
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.
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
August 23, 2013 | By Karen Ravn
Victoria Barzilai opened her mouth wide so the doctor could look at her sore throat. Not exactly a remarkable event, except that Barzilai was at home and the doctor was hundreds of miles away. Feeling too sick to drag herself to the school health center, the third-year UC Davis student had opted for a cyber-doctor visit, the 21st century version of a house call. A number of websites offer face-to-face consultations of the virtual kind to anyone with a credit card and access to a webcam-equipped computer.
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 "Where you live is playing a big role in the rate you're paying," said Laura Adams, senior analyst for the website InsuranceQuotes.
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.
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
December 2, 2013 | By Hugo Martín
After a nasty storm ripped through the East Coast on the busiest travel day of the year, you might think that buying travel insurance for holiday travel would be a no-brainer. Not so much. The 114-year-old National Consumers League concluded recently that travel insurance is usually a bad deal because most policies are riddled with exceptions that allow insurance companies to reject claims for payoffs. Most insurance companies won't disclose their track record for paying out claims, making it nearly impossible to judge whether insurance is worth the money, the league points out. "The unfortunate reality is that these protection policies bring in big bucks for the airlines each year but offer very little real value for customers," said Sally Greenberg, executive director of the National Consumers League.
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