Insurance
Top stories summarized by our editors
6/15/2018

The insurance startup Sure, through a partnership with underwriter Chubb, has introduced RideSafe coverage for passengers of transportation-network companies such as Lyft and Uber. The product is available in 38 states, and the cost is $2.40 for 24 hours of accidental medical, death and dismemberment coverage.

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The Associated Press
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Chubb, Lyft, Company
6/15/2018

An EF2 tornado hit Wilkes-Barre Township, Pa., on Wednesday, while another tornado struck nearby in Bradford County, the National Weather Service has confirmed. The storm system that generated the tornadoes caused damage to businesses and rental trucks as well as minor injuries to at least six people, officials said.

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National Weather Service
6/15/2018

President Donald Trump on Thursday authorized federal emergency aid for housing and other needs of people affected by the eruption of Hawaii's Kilauea volcano. The amount of the federal relief, which Gov. David Ige had requested the previous day, has not been specified.

6/15/2018

Crews battling the 416 Fire in Colorado have enlisted a meteorologist's help in determining the potential risk of lightning strikes as Tropical Storm Bud moves toward the US. The fire has burned more than 32,000 acres but destroyed no homes, and it was 18% contained on Thursday night, while a fire in the Bear Creek area has burned about 3,400 acres and was 0% contained.

6/15/2018

The North Korean government is using Trojan malware variants that can harm or disable computers, the Department of Homeland Security and the FBI said Thursday, just days after President Donald Trump met with North Korean leader Kim Jong Un. Over the last year, 11 alerts from the DHS and FBI have been about malicious cyber activity related to North Korea, a DHS spokesperson said.

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CNN
6/15/2018

Venture funds headed by Robert Downey Jr., Jay-Z, Will Smith and Kevin Durant are among investors of Ethos Technologies, a startup for term life insurance. Insurance technology is growing in popularity among investors, with venture capitalists putting $9 billion into the industry since 2012, according to CB Insights.

6/15/2018

A lawsuit to strike down the Affordable Care Act filed by 20 Republican state attorneys general could affect people who get health insurance through work. If the lawsuit succeeds, employers might be able to impose a long wait on hires and might be able to not cover a hire's pre-existing condition for as long as a year, experts say.

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ACA
6/14/2018

The repeal of the Affordable Care Act's individual mandate penalty and the proposed expansion of short-term health plans and association health plans will lead to higher premiums for the 2019 plan year, according to a report from the American Academy of Actuaries. "The individual market, which had shown signs of stabilizing, now faces a potential deterioration of the risk pool due to policy changes that reduce incentives for healthy individuals to enroll," says senior health fellow Cori Uccello.

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The Hill
6/14/2018

Seismic activity caused by activities such as wastewater disposal from hydraulic fracturing operations is being incorporated or considered as a factor in catastrophe modeling. Heightened earthquake activity near fracking sites is "something that risk managers and insurance companies need to understand if they're writing business in those areas," said Andrew O'Donnell of AIR Worldwide.

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AIR Worldwide
6/14/2018

A measure that gained the approval of the Rhode Island House Corporations Committee would would further restrict the use of aftermarket parts in vehicle repairs in the state. PCI's Frank O'Brien said that "no other state in the country bans the use of high quality, reliable aftermarket parts in the auto repair process," adding that such parts cost 20% to 30% less than original equipment manufacturer parts.