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BUSINESS
January 30, 2014 | By Ricardo Lopez
A group seeking to reform the state's unemployment insurance system kicked off its campaign Thursday outside an Employment Development Department office in South Los Angeles. Backed by the Alliance of Californians for Community Empowerment, the group was formed in response to a troubled computer upgrade at the EDD that delayed unemployment checks to 150,000 Californians. The computer glitch snared payments to the state's unemployed, leading to a November oversight hearing, and most recently, a request by a lawmaker for additional state funding and an audit to ease problems with the beleaguered state agency.
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BUSINESS
August 10, 2012 | By Chad Terhune
Nonprofit insurer Blue Shield of California said it resolved a lengthy contract dispute with UCLA and other UC system hospitals over reimbursements for patient care. Effective Sept. 1, Ronald Reagan UCLA Medical Center and the Santa Monica-UCLA Medical Center and Orthopaedic Hospital will be back in the Blue Shield network. The San Francisco health insurer said this new contract with all UC providers statewide runs through June 30, 2015. The previous contract expired Dec. 31 as the two sides bickered over rising medical costs.
NEWS
February 13, 2013 | By Jon Healey
You might not know it from the near-incessant fighting over the 2010 federal healthcare law, but its main provisions -- the ones designed to bring coverage to millions of the uninsured -- won't go into effect until next year. State officials gave Californians their first look Wednesday at some of those changes, revealing what the out-of-pocket costs would be for a new, standardized set of insurance policies. The chart comes from the Covered California insurance exchange, one of the new state marketplaces for individual insurance policies created by the Patient Protection and Affordable Care Act (a.k.a.
NEWS
January 13, 2014 | By Lisa Mascaro
WASHINGTON -- As senators narrowed their differences on a proposal to break a stalemate over unemployment insurance, congressional leaders reached agreement late Monday on a $1-trillion spending package to avoid a government shutdown this week. The intense day of private negotiations on Capitol Hill shows a Congress that is trying to move past the partisan brinkmanship that has paralyzed the legislative process in recent years. Republicans, in particular, have calculated that voters are tired of the gamesmanship and want the federal government to provide basic services.
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.
BUSINESS
November 10, 2011 | David Lazarus
Insurance is one of those products you hope you never have to use. But if you do have to, you expect it to be there for you when you need it. At the very least, you don't want your insurer throwing curveballs at you with a lot of rigmarole about terms and conditions that you weren't even told about in the first place. That's the situation Dudley Johnson, 57, of Altadena found himself in after trying to get Citibank to make good on its Credit Protector Program, which promises to safeguard people who lose their jobs by "freezing payments to your Citi account for up to two years.
OPINION
May 3, 2010
The state insurance commissioner is one of the most powerful consumer advocates in California, wielding unique influence over how auto, property and health coverage is priced and sold. With the current occupant, Republican Steve Poizner, running for governor, the race has attracted three state assemblymen who are barred by term limits from seeking reelection — Dave Jones (D-Sacramento), Hector de la Torre (D-South Gate) and Mike Villines (R-Clovis). Brian D. Fitzgerald, a longtime enforcement attorney in the Department of Insurance, faces Villines in the GOP primary, and four candidates are running unopposed in smaller parties.
BUSINESS
February 21, 2013 | By Chad Terhune, Los Angeles Times
Dailey Mayo received some stunning news in the mail last week: an 85% rate increase for the long-term-care insurance he has had for 15 years from the California Public Employees' Retirement System. The retired sales manager in Pasadena said his monthly premium of nearly $400 would jump to $738, or about $8,850 annually, under this plan. "I'm 82 now and I might need this care soon," he said. "It really ticks me off that they are doing this. " More than 110,000 CalPERS policyholders are receiving similar news after the pension fund's board approved the changes late last year.
SPORTS
February 5, 2014 | By Steve Dilbeck
It's three days until pitchers and catchers report to spring training for the Dodgers, and do you know where their starting second baseman is? They're going in big time with Cuba's untested Alex Guerrero , a shortstop who's never played a lick of professional baseball. Of course, sign him to a four-year, $28-million deal, and maybe it should seem you're going all in. But if Guerrero fails either defensively or offensively, the truth is the Dodgers have no viable backup plan.
BUSINESS
March 27, 2011 | By Kenneth R. Harney
Insurance programs that make borrowers' mortgage payments for up to six months if they lose their jobs during an initial one- to two-year coverage period are gaining popularity. Home builders are offering it to new buyers, and some of the country's largest banks and mortgage lenders think it's a win-win idea for shaky economic times. Better yet, the bank, builder or other sponsor of the plan typically provides it free ? no direct, out-of-pocket cost to the consumer ? as part of its marketing package.
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