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Apple to Shift Health, Fitness Divisions to Services in Shake-Up

Apple Inc. is preparing to expand the roles of some top executives in response to the pending departure of longtime Chief Operating Officer Jeff Williams, according to people familiar with the matter.

By Mark Gurman

State Farm Loses Appeal in Totaled Car Value Class Action

State Farm Automobile Insurance Co. lost its bid to undo the certification of a class challenging how the insurer calculated the “actual cash value” of totaled vehicles.

BLS Recalls Staff to Ready September CPI Report by Month’s End

The Bureau of Labor Statistics has recalled staff to prepare a key inflation report that is necessary to calculate the size of next year’s Social Security checks, according to a Labor Department official with knowledge of the matter.

Prospect Medical’s Bankruptcy Plan Sparks Slew of Objections

Prospect Medical Holdings Inc.'s proposed bankruptcy plan has prompted objections from about 30 parties—including individual creditors, insurers, former employees, and malpractice claimants—that say its terms are inadequate.

S&P 500 Gets Another Heat Check as Rally Falters: Markets Wrap

Wall Street’s relentless surge from April’s meltdown keeps showing signs that the stock market is overstretched, spurring calls for a breather at a time when the classic dip-buying strategy stays firmly in place.

University of Phoenix Owner Jumps 19% After $136 Million IPO

Phoenix Education Partners Inc., the owner of the University of Phoenix, climbed 19% after its backers raised $136 million in an initial public offering.

Shutdown Cuts Off Flood Insurance Program During Storm Season

A lapse in the National Flood Insurance Program because of the US government shutdown threatens to snarl home sales in the nation’s riskiest floodplains and leave some homeowners without coverage in the middle of hurricane season.

UnitedHealth to Buy Medical Group in Sign Optum’s Still Growing

UnitedHealth Group Inc. plans to acquire a 45-doctor medical practice in Massachusetts in a sign that its Optum division will keep adding doctors despite turmoil in the business.

ACA-Exempt Health-Care Ministry Fails to Revive New Mexico Suit

A Christian health-care cost-sharing group lost its appeal from the dismissal of a lawsuit claiming New Mexico’s insurance commission is unlawfully trying to drive it out of business.

Germany’s Viridium Offers Bond in Upbeat Junior Debt Market

Viridium Group Sarl, a German insurer acquired this year by a consortium including Allianz SE and BlackRock Inc., sold its first-ever junior bond in a market issuing debt at a record pace.

PRACTITIONER INSIGHTS

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When Legal Thinks Like the Board, Speed Might Beat Perfection

Heather Stevenson

Red Cell Partners

Insurers Gain Standing—and Voice—in Chapter 11 Cases

Samantha Indelicato

O'Melveny & Myers

IRS Focus on Obamacare Enforcement Creates Pitfalls for Employers

Brett Bissonnette

Plante Moran

Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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