Insurance
Top stories summarized by our editors
8/17/2017

Interest in alternative-strategy mutual funds rose in the wake of the financial crisis but has started to decline, advisers say. Alternatives' performance has lagged other investments, but some advisers say the funds are still important and are likely to show their worth in a market downturn.

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mutual funds, financial crisis
8/17/2017

The US SIF Foundation is offering a guide to defined-contribution plan sponsors on how to include sustainable and responsible investment options. A Morgan Stanley study has found that 90% of millennials would like sustainable investment options in their 401(k) plans.

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PlanAdviser online
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Morgan Stanley
8/16/2017

Discontinuing cost-sharing reduction payments to insurers would increase premiums for silver-tier plans, the most popular plan tier sold on Affordable Care Act exchanges, by 20% next year and by 25% by 2020, and would raise the federal deficit by $194 billion through 2026, according to an analysis by the Congressional Budget Office. The move would prompt insurers in some states to exit the market, leaving about 5% of Americans with no insurance options next year, although insurers are expected to rejoin the market in 2020.

8/16/2017

Management coach John Bowen lists six key words -- all beginning with C -- that he says are paramount in strengthening client loyalty. "A devoted, delighted client base is vital to creating and growing a truly exceptional practice," he writes, noting this is important because "[w]e are moving toward an environment where relatively few financial professionals earn most of the rewards."

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Financial Planning
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John Bowen
8/16/2017

President Donald Trump on Tuesday signed an executive order to reduce standards and reviews for federally funded construction projects in areas at risk of flooding. The order, part of Trump's $1 trillion infrastructure-enhancement plan, got a positive response from business groups but criticism from environmentalists because of climate-related and cost concerns.

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President Donald Trump
8/16/2017

Next month, Mississippi law-enforcement officers will have access to a program allowing them to quickly check whether a driver is insured, Joe Woods of PCI writes in a letter to the editor. Insurance Research Council data show the state's uninsured-motorist rate is 28%, about double the US average.

8/16/2017

Escaping is the best option for employees facing an active-shooter situation, while hiding is the next best option, and confronting the shooter should be the last-ditch option, Keith Plaisance of Global SHE Solutions said at a recent conference. An emergency-response plan, training and security assessments are crucial to keeping employees safe in such a scenario, they said.

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PropertyCasualty360
8/16/2017

The Financial Stability Board said that regulators' resolution plans for failed global systemically important insurers are falling behind those for banks and clearinghouses. The plans with the most shortcomings include those in China, Germany and the UK, the FSB said.

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Financial Stability Board
8/16/2017

A supercell hit the Texas Panhandle with 100-mph straight-line winds that destroyed several wood and cinder-block buildings in the city of Turkey. The storm also produced large hail.

8/16/2017

A wildfire in Yosemite National Park expanded to more than 1,600 acres Tuesday and has prompted voluntary evacuation notices in some areas. The fire was started by lightning and has been burning in an area of dead, beetle-infested trees.

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Yosemite National Park