Chicago restaurants sue for coronavirus insurance payouts, struggle to hang on. 'We're just hoping it's not too little too late.'
CHICAGO — Since suing his insurance carrier nearly five months ago, in hopes of recovering some of the money he’s lost during the pandemic, Ryan Marks has been doing what he can to keep his three restaurants afloat.Neither he nor his business partners are taking salaries. He moved to a smaller apartment that costs half as much. He has been negotiating his restaurants’ rent with his landlords, some of whom are more sympathetic than others, but worries even a deferral won’t help much in the long term.“There is not going to be a magic double year coming up where I can just make it up,” said Marks...
Drugmaker AbbVie will pay $24 million to California, whistleblower to settle fraud lawsuit
California Insurance Commissioner Ricardo Lara announced that the Department of Insurance reached a $24 million settlement with pharmaceutical giant AbbVie that will require it to change its marketing practices for its immunology drug Humira.Once a blockbuster sales driver for the company, Humira faced stiff competition from similar drugs on the international market. In the second quarter of 2020, foreign sales of the drug dropped by nearly 20 percent, and U.S. sales did not increase enough to cover that steep drop. Humira is used to treat symptoms of arthritis, Crohn’s disease, ulcerative col...
The Sacramento Bee
Manhattan DA probing Trump Organization for 'insurance and bank fraud' and 'pattern of financial misconduct'
NEW YORK — President Donald Trump and his company face an investigation for “insurance and bank fraud,” Manhattan District Attorney Cy Vance wrote Monday, asking a judge to uphold a subpoena for Trump’s tax returns.The new filing in Manhattan Federal Court hinted at the scope of Vance’s investigation, which includes a subpoena for eight years of Trump’s personal and corporate tax returns. The probe was previously thought to center on an investigation of how the Trump Organization accounted for hush-money payments made to women during the 2016 election. But Carey Dunne, an attorney in Vance’s o...
New York Daily News
Financially stretched homeowners might skimp on insurance. And hurricane season is here.
South Carolina state Rep. Wendell Gilliard says he’s “getting calls day in and day out” from financially strapped constituents in the hurricane-prone Lowcountry. Hurricane season is here, and they are worried about keeping up with their homeowners insurance payments.“If you don’t have a job, surely you can’t pay your insurance premiums. You can forget about that,” said Gilliard, a Democrat from Charleston. “And it couldn’t come at a worse time.”The callers want South Carolina lawmakers to help them cover their insurance premiums or force insurers to temporarily waive them. But Gilliard said hi...
Trump backs suit to overturn Obamacare even though 23 million would lose coverage
President Donald Trump on Saturday strongly backed a lawsuit that would overturn the Affordable Care Act and strip about 23 million Americans of health insurance coverage during the coronavirus pandemic.Branding the signature achievement of President Barack Obama as “a joke,’ Trump said the Supreme Court should agree with the White House and GOP governors argument that it is illegal because Congress eliminated the penalty for Americans who refuse to get health insurance.“It can be replaced with a FAR BETTER AND MUCH LESS EXPENSIVE ALTERNATIVE,” Trump tweeted.Trump claimed that he would “ALWAYS...
New York Daily News
Wondering if you had COVID-19? Here's what antibody tests can tell you
KANSAS CITY, Mo. — Glenn Crocker of Overland Park was looking for answers.Is it possible that he already had COVID-19 and just didn’t know it? Maybe he is the one, in some infectious but asymptomatic way, who had passed the coronavirus on to his 16-year-old daughter, Elizabeth, and forced her into quarantine in her room.It was April, about a week after Elizabeth’s 16th birthday. Then a sophomore at Blue Valley North High School, she had developed the hallmark dry cough, a slight fever. The Crocker family, Glenn and his wife, Tepring, their eldest child, Ben, and Elizabeth, had all been vigilan...
The Kansas City Star
A PPE fee at the dentist? New requirements could raise prices for patients
PHILADELPHIA — When the dentist’s office called to cancel Laura Lizcano’s appointment for a crown and cavity filling in March because of the coronavirus, she wasn’t terribly worried.The 25-year-old freelance musician didn’t know at the time that the pandemic would keep medical offices closed for months — and prevent her from getting her teeth taken care of before she lost her health insurance.Lizcano, who lives in Queen Village, will be dropped from her mother’s insurance plan at the end of May after turning 26, the age limit for children to be covered by a parent.Now, at a time when she’s los...
The Philadelphia Inquirer
State Farm cuts auto rates by $2.2 billion as Americans continue to stay home during pandemic
CHICAGO — State Farm announced this week it will cut its auto insurance rates by $2.2 billion as Americans continue to drive less as a result of the coronavirus pandemic.The Bloomington-based firm is the nation’s largest underwriter of auto insurance. State Farm is seeking regulatory approval in each state to reduce auto rates nationwide, and it estimates the national average for those rate cuts to be 11%.Last month, State Farm said it would return $2 billion to policyholders as part of its “Good Neighbor Relief Program” because fewer people are driving during the health crisis. Most auto poli...