Insurance
Top stories summarized by our editors
7/24/2017

The recent appearance of a sinkhole in Florida's Pasco County is the latest reminder of the risk that can endanger property values in the state's "Sinkhole Alley," although some real estate agents say low supply is keeping prices up in some areas. Florida law requires notification prior to closing if a sinkhole claim has been filed on a property and whether the payout went completely toward repairs.

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real estate agents
7/24/2017

At least nine people have died and 17 are undergoing treatment for heatstroke and other life-threatening injuries after the discovery of a tractor-trailer in a San Antonio, Texas, parking lot. Police suspect human trafficking, and federal prosecutors plan to charge a 60-year-old Florida man in connection with the incident.

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The Associated Press
7/24/2017

The total of renter households increased from 2006 to 2016, while the number of owner households declined, according to a Pew Research Center report based on Census Bureau data. "The current renting level exceeds the recent high of 36.2% set in 1986 and 1988 and approaches the rate of 37.0% in 1965," the report says.

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GlobeSt
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Pew Research Center
7/24/2017

Ford, supported by Mazda, is seeking to curtail the increased scope of a recall affecting vehicles with Takata air-bag inflators, because Ford says air bags in its cars contain a chemical compound that protects against dangerous ruptures. Ford expects to petition the National Highway Traffic Safety Administration for further assessment.

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Ford, Mazda, Takata
7/24/2017

A 76,250-acre wildfire that has destroyed more than 130 structures near Yosemite National Park was about 45% contained Sunday, and more residents were allowed to return home. Meanwhile, a wildfire west of Santa Barbara, Calif., was 87% contained.

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Reuters, NBC News
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Yosemite National Park
7/24/2017

Thunderstorms in northern Illinois brought heavy rain Sunday on the already flooded region, especially along the Fox River. The storm knocked down small trees, and floodwaters have led to road closures.

7/24/2017

Part-time employees who are offered voluntary benefits through their work could see their financial security improve, according to a study by Guardian Life Insurance Co. of America study. Such benefits can be cheaper as part of a group plan and can assist part-time employees in paying out-of-pocket expenses, said Peter Marcia of YouDecide.

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Guardian Life Insurance Co.
7/24/2017

About 40% of survey respondents who have health coverage through an employer said they are struggling with out-of-pocket health costs or know someone who is, according to Securian Financial Group. The survey also found that 28% of respondents in employer-sponsored plans would take money from their savings if they faced a $5,000 out-of-pocket cost, while 12% would use a credit card and 7% would take a 401(k)-plan withdrawal.

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PlanSponsor online
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Securian Financial Group
7/24/2017

Employers must be cautious and follow several guidelines when running a health savings account to ensure the plan does not fall under the Employee Retirement Income Security Act, lawyer Steven Mindy says. Steps to take include refraining from representation of the HSA as part of an employee welfare-benefit plan, taking no compensation for the HSA and ensuring participation in the HSA is voluntary, Mindy says.

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PlanAdviser online
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HSA, ERISA
7/24/2017

The Investment Company Institute has submitted comments urging the Labor Department to delay the effective date of some fiduciary rule provisions until Jan. 1, 2020. The group's acting general counsel said such a delay would give Labor Secretary R. Alexander Acosta time to work on the issue with Securities and Exchange Commission Chairman Jay Clayton.

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Forbes