June 9, 2006 |
A Nasdaq Stock Market Inc. subsidiary is warning public companies that probes into possible manipulation of executive stock options might push up the cost of insuring their executives and board members against lawsuits. Carpenter Moore, a division of Nasdaq Insurance Agency that acts as an insurance broker for companies on the exchange, said in an undated memorandum that some insurers were already seeking to limit their liability under so-called directors' and officers' coverage.
May 2, 2004 |
Many Southern California homeowners who thought they were fully insured against natural disasters have discovered after October's wildfires that their policies left them shortchanged -- in some cases, hundreds of thousands of dollars shy of what they need to rebuild.
April 28, 2004 |
The International Olympic Committee has taken out insurance for the first time against cancellation of the Games because of war, terrorism or a natural disaster such as an earthquake, officials said Tuesday. The IOC said it acquired a $170-million policy for the 2004 Summer Games, which begin Aug. 13 in Athens and have been dogged by construction delays and security concerns. Associated Press reported that the policy cost $6.8 million.
April 28, 2007
Re "Democrats go their own way on healthcare," April 22 In the plan proposed by Assembly Speaker Fabian Nunez (D-Los Angeles), the working uninsured -- by far the majority of California uninsured -- would be required to buy private health insurance if their employers opted into the state plan. The employer's share of the premium cost would be limited by law; employees would have to pay whatever the insurer demanded. Both Gov. Arnold Schwarzenegger and Nunez would require us to buy private health insurance whether we could afford it or not. We would be forced to buy insurance with the cheapest premiums possible.
March 7, 2014 |
In a debate almost totally infected with myth, perhaps the most tenacious myth about the Affordable Care Act involves the tsunami of old insurance policies that were supposedly canceled by insurers because they didn't comply with the ACA. How many policies? The figures are all over the place -- some say 17 million, some say 4.7 million. The implication is also murky -- however many cancellations happened, were all these people left without insurance? Two experts at the Urban Institute have crunched the best numbers we have, and their conclusion is that 2.6 million policies were canceled because of noncompliance with the ACA -- but that more than half the policyholders were eligible for subsidized, low-cost replacement insurance.
September 6, 1990
Bondholders of bankrupt American Continental Corp. filed a class-action lawsuit Wednesday to seek a court order enforcing insurance policies that 21 carriers provided for the directors and officers of the company and its primary unit, the failed Lincoln Savings & Loan in Irvine. The bondholders already have filed more than 15 lawsuits against the company and thrift seeking the return of about $200 million in investments.
January 24, 1993
A recent Los Angeles Times article, "Big Insurers Cast Wary Eye on Clinton's Health Plans" (Dec. 7), erroneously reported that Phoenix Home Life does not support President Bill Clinton's health care reform proposals. In fact, Phoenix Home Life has a significant area of agreement with many of the views expressed by the President. In working out the details necessary to achieve true health care reform, we need to be mindful of the impact of each and every proposal on the ultimate users of the system, the consumers.
May 13, 1992 |
If you're shopping for renter's insurance, be sure to: 1. Make a detailed inventory of your household goods and personal possessions, estimating the value of each. Note prices and dates of purchase where possible. Keep a copy of your list, including store receipts and photographs of items, in a safe place away from home. 2. Obtain quotes from several insurers, comparing costs, quality and coverage, as premiums vary widely. 3.
April 24, 1988
"The Fight of Their Lives" was both illuminating and forthright. I thought that most of the information was accurate: that the implications both for the public and the health care industry are enormous and all bad. Simross and Johnston touched on two vicious lapses in the practice of insurance, permitted by law, that have needed to be changed for some time. The changes needed are not solely to combat abuses that can, do and will arise out of AIDS claims, but other illnesses as well.