President Barack Obama Monday warned doctors the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul plan, which includes a public insurance program that many of them view with skepticism. Obama took his healthcare …
A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court this week. Greg Copeland of Jackson, attorney for United Services …
The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises will hold a hearing to explore oversight of the insurance industry on June 16. “It is now clear that we must restructure the federal government’s role with …
This week’s U.S. Supreme Court ruling that faults state Justice Brent Benjamin for not recusing himself from a case involving a generous campaign supporter may aid a pending review of West Virginia’s court system, but legal experts differ on its …
The U.S. Federal Reserve drew back the curtain on its emergency repairs to the financial system on Wednesday, showing $5.3 billion in losses on assets taken over from firms it bailed out in 2008. In a report on its $2.1 …
The Obama administration on Wednesday will name a pay czar with the power to reject compensation plans for top employees at companies receiving “exceptional” government aid, an administration official said Wednesday. The administration will also call for “say-on-pay” legislation that …
Leading Senate Democrats unveiled Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history. The measure also would require individuals to buy insurance, …
Consumer groups said Tuesday they filed a U.S. Supreme Court appeal challenging Chrysler LLC’s sale on the grounds the deal would leave the automaker free of current and future product liability claims. Five consumer groups and three individuals with pending …
Five insurance producer associations are planning a joint lobbying effort next month on health care reform in the nation’s capital. The Independent Insurance Agents & Brokers of America (Big “I”), AHIA-NAIFA Health and Employee Benefits (AHIA), The Council of Insurance …
A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …
