Insurance

Federal Judge Blocks Key Changes to Obamacare Marketplace, Protecting Millions from Losing Coverage

World Updates3 weeks ago3 weeks ago04 mins

A federal judge has temporarily blocked major portions of the U.S. Department of Health and Human Services’ planned changes to the Affordable Care Act (ACA) health insurance marketplace, just days before they were set to take effect. U.S. District Judge Brendan Hurson in Baltimore sided with a lawsuit brought by the city of Chicago, Baltimore’s…

Autonomous Cars Could Be a Goldmine for Insurers, Says Bank of America

World Updates3 weeks ago3 weeks ago03 mins

The rise of self-driving cars could turn out to be a big win for auto insurers, according to analysts at Bank of America Corp. While the shift to autonomous vehicles creates uncertainty in the industry, it may also open the door to higher profits. Right now, under U.S. law, drivers are responsible if they cause…