Archive for the 'Insurance Weekly' Category


Home Oxygen Care Leaders Applaud U.S. Senate for Passing Medicare Bill to Improve and Protect Home Oxygen Benefit

WASHINGTON, July 10 /PRNewswire-USNewswire/ — The Council for Quality Respiratory Care (CQRC), an alliance of the nation’s 11 leading home oxygen therapy providers and manufacturers representing nearly one half of Medicare’s home oxygen beneficiaries, today praised the Senate for passing the House’s Medicare package (HR. 6331), which protects Medicare’s home …

Firefighters strain to spare more homes in California

Firefighters worked to keep flames from reaching more homes after a lightning-sparked wildfire advanced Thursday in the Sierra Nevada foothills of California.
The wildfire in Butte County destroyed at least 50 homes earlier in the week, mostly in Concow, and has sent as many as 10,000 residents fleeing. It continued burning …

House Subcommittee Passes Insurance, SEC Changes

WASHINGTON -(Dow Jones)- A U.S. House subcommittee on Wednesday passed a measure creating an insurance policy office within the Treasury Department, marking a potential broadening of the federal government’s role in an industry traditionally governed by the states.
A House Financial Services subcommittee approved by voice vote a bill to …

Hurricane Bertha strengthens to Cat. 2

MIAMI (AP) — Forecasters say Hurricane Bertha is moving slowly, but could regain major hurricane status as it heads toward Bermuda. The storm is currently a Category 2.
It’s unknown if or when the hurricane will make landfall and what impact it could have on Bermuda. Forecasters have been urging people …

WellPoint Agrees To Pay $11.8M To California Hospitals Over Health Insurance Policy Cancellations

WellPoint on Monday agreed to pay $11.8 million to about 480 private and public hospitals in California to resolve allegations that subsidiary Anthem Blue Cross failed to pay the bills of patients who had their health insurance policies canceled after they received treatment, the <a href=”http://www.latimes.com/business/la-fi-insure8-2008jul08,0,7714776.story?track=rss” …

Progressive Gains as Record Gasoline Curbs Driving

July 9 (Bloomberg) — Progressive Corp., the third-biggest U.S. auto insurer, stands to benefit from record gasoline prices and a slowing economy as fewer drivers take to the roads.
With gas prices above $4 a gallon and the unemployment rate hovering at the highest point in almost four years, Americans are …

PCMA Statement on Passage of Medicare Bill: E-Prescribing Requirement a Major Victory for Seniors

WASHINGTON, July 9 /PRNewswire-USNewswire/ — The Pharmaceutical Care Management Association (PCMA) released the following statement on Senate passage of the Medicare bill, which includes a provision that requires physicians to use electronic prescribing (e-prescribing) in Medicare:
“The inclusion of an e-prescribing requirement in Medicare is a major victory for America’s …

Hurricane Bertha weakens to Cat. 1 storm

MIAMI (AP) — Forecasters say Hurricane Bertha has weakened to a Category 1 storm.
As of 11 p.m. EDT Tuesday, the center of the storm was about 580 miles northeast of the northern Leeward Islands and about 840 miles southeast of Bermuda.
Maximum sustained winds decreased to 80 mph with some higher …

Cigna spent $290,000 lobbying on health insurance, Medicare issues in first quarter

State Auto Financial Reports Impact of Storm Activity

COLUMBUS, Ohio–(BUSINESS WIRE)–State Auto Financial Corporation (NASDAQ: STFC) today announced its preliminary estimates of losses due to second quarter 2008 catastrophe storm activity. The company expects second quarter 2008 results will include between $76 and $84 million in pre-tax catastrophe losses. The above range includes $3.4 million related to …