Republicans' failure to pass the American Health Care Act is likely to result in more states expanding Medicaid. Kansas and North Carolina are already moving forward with plans to do so, and several other states were considering such moves before President Donald Trump's election victory.
A two-vehicle collision involving a self-driving sport utility vehicle operated by Uber has prompted the company to temporarily halt its pilot program for autonomous vehicles. The crash, which occurred in Tempe, Ariz., apparently damaged a third car and resulted in no serious injuries, is under investigation.
Only a small percentage of insurance fraud cases are prosecuted, but emerging technologies can improve fraud detection, Karen Pauli of Strategy Meets Action says. "Big data, [artificial intelligence] and behavior analytics have the great potential to cut off the fraudsters before they get a claim payment," Pauli writes.
Storms over the weekend spawned a tornado that injured six people in Arkansas and brought large hail to parts of Texas. The South faces a continued threat of thunderstorms throughout this week, forecasters say.
Warmer temperatures and other extreme weather could cause wildfires in Kansas to become bigger and more frequent, according to scientists. "One year or two years [of extreme weather] doesn't point to the fact that it's climate change, but it's all consistent with what the projections are," said Charles Rice, a professor of agriculture at Kansas State University.
America's Job Link Alliance says a data breach compromised the Social Security numbers and other personal information associated with as many as 4.8 million of its user accounts. The 10 states using the jobs-board system are Alabama, Arkansas, Arizona, Delaware, Idaho, Illinois, Kansas, Maine, Oklahoma and Vermont.
The North Carolina Department of Insurance says data provided by the North Carolina Rate Bureau does not justify a filing for a 13.8% increase in auto insurance rates. The requested increase is scheduled for a September hearing.
A study commissioned by the Million Dollar Round Table found that nearly four-fifths of people in the US say they've never worked with a financial adviser. Many people say they think they can manage their own finances, and many think they have too little money to justify hiring an adviser, the study found.
Moshe Milevsky of York University's Schulich School of Business, in Toronto, is among the financial experts who say tontines deserve another look at an approach to funding retirement expenses. Tontines could be part of the answer to coping with longevity risk, the experts say.
Merrill Lynch and Morgan Stanley are taking different approaches within their 401(k) businesses to deal with the Labor Department's proposed fiduciary rule. Merrill Lynch is giving advisers a great deal of discretion in working with 401(k) plans, while Morgan Stanley is taking on risk largely at the firm level, says Fred Barstein of The Retirement Advisor University.