Posts Tagged ‘insurance company profits’

  • While injured Californians face damage caps, medical malpractice insurers have record surpluses Thursday, September 23, 2010 � by jg

    California doctors are complaining their medical malpractice insurance premiums are too high? It’s not because injured Californians seek compensation for their injuries. It’s because medical malpractice insurance companies haven’t lowered premiums anywhere near as quickly as their claims payments have dropped.

  • State insurance regulators warn consumers about “retained-asset accounts” Monday, August 16, 2010 � by jg

    Bloomberg: The National Association of Insurance Commissioners tells consumers they may be better off taking the death benefit payments they are entitled to rather than letting insurance companies hold onto the money.

  • Insurance companies find way to invest benefit money even after policyholders die Wednesday, July 28, 2010 � by jg

    Bloomberg Markets reporter David Evans offers thorough details, after a six-month investigation, of how some insurance companies hold onto the death benefit unless requested by the beneficiary — even though the beneficiary is entitled to the entire amount right away — and those companies continue to earn interest on the benefit money until it is paid out. (UPDATE 7-29-10: New York attorney general begins investigation.)

  • Corporate interests win: Salas concedes to Vargas Thursday, July 22, 2010 � by scott

    Mary Salas concedes race to Juan Vargas in California Senate District 40 primary, a win for the insurance industry and other corporate interests that heavily invested in Vargas’s campaign.

  • Legislative panel supports radiation protection Wednesday, June 30, 2010 � by eric

    An Assembly committee approves Padilla measure on a bipartisan vote, but lobbyists for hospitals and radiologists warn that provisions could put scare in patients who can be helped.

  • California’s Tort Wars: Election Day by the numbers Friday, June 11, 2010 � by eric

    Tort-war front groups for big oil, insurance and tobacco get walloped on election day.

  • On propositions, big money talked but didn’t win Wednesday, June 9, 2010 � by scott

    Well, here is heartening news — despite spending a combined $62 million, PG&E and Mercury Insurance’s bids to buy their own state initiatives went down in flames at the polls Tuesday.