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.
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.
October 12, 2010
The typical American spends about $317,000 over his or her lifetime in medical costs, with 60% occurring after the age of 65. By comparison, people with autism spend nearly twice as much, with 60% of the costs starting after the age of 21. The figures were part of a study, "The Lifetime Distribution of the Incremental Societal Costs of Autism. " The nonprofit organization Talk About Curing Autism estimates the annual cost of treating a child with autism this way: $11,250 for speech therapy, $11,250 for occupational therapy, and $59,400 for behavior analysts and therapists for a total of $81,900.
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.
February 2, 2000 |
If you're like many business owners, you embrace technology for the efficiencies it can bring to your operations--and you worry about keeping abreast of it. Your insurance broker should worry, too, because if your business coverage lags behind the pace of technological change, it may cost you more than necessary, and in a worst-case scenario it could land you in a fight with your carrier. Why?
January 13, 2002 |
Investors driven to safe havens--such as bank deposits and certificates of deposit--may be shocked to find that not all bank deposits are safe. In the last three years, investors have lost $114 million to bank failures because they exceeded the $100,000-per-depositor insurance limit imposed by the Federal Deposit Insurance Corp. And even as failures such as the collapse last summer of Superior Bank of Hinsdale, Ill., grab headlines, the estimated amount of uninsured deposits in U.S.