Insurance

Ted S. Warren / AP

Mounting risks because of climate change are putting pressure on insurance companies. That has Washington's Insurance Commissioner worried. He’s hosting a climate risk summit meeting at the University of Washington this week.  

SALEM, Ore. - Customers of one of Oregon's largest health insurance companies may see a large rate increase soon. State insurance regulators held a rare public hearing Wednesday on the request by ODS Health Plan to hike its rates an average of 10 percent. A decision on the requested rate hike could come next month.

Undocumented immigrants would lose state medical coverage under a proposal to save the popular Basic Health insurance program. The get-tough measure is part of a budget-cutting plan unveiled by the State Senate. But it's at odds with a competing approach in the House.

Three years ago Washington voters upheld the Insurance Fair Conduct Act. It allows triple damages when insurance companies are found to have unfairly denied a claim. At the time, the insurance industry warned premiums would skyrocket and lawyers would get rich. Has that happened?