Insurance
Top stories summarized by our editors
12/13/2017

More than $9 billion in National Flood Insurance Program claims between 2000 and 2015 were filed over damage to homes in areas at risk of flooding, a Reuters analysis found. The Federal Emergency Management Agency strives to keep communities in the NFIP and uses suspension or probation from the program as a last resort, FEMA's Rachel Sears said.

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Reuters
12/13/2017

Wells Fargo Securities says insured losses from this year's natural catastrophes could total $130 billion, a record figure that would include the currently unknown cost of the wildfires in Southern California. "My sense is most records are going to be broken" for insured losses related to 2017 natural disasters, Cathy Seifert of CFRA Research said.

12/13/2017

A Los Angeles task force will examine the issue of when to evacuate homeless encampments after officials said a wildfire that destroyed and damaged some Bel Air homes began with a cooking fire at an encampment in a ravine. Meanwhile, crews' containment lines surround about 25% of the 370-square-mile Thomas fire in Santa Barbara and Ventura counties, where thousands of homes are at risk.

12/13/2017

A wildfire burning across more than 6.25 square miles in South Dakota's Custer State Park was just 7% contained Tuesday, with wind gusts and heavy smoke posing a challenge to firefighters. Crews have focused on guarding lodges and other nearby structures, and park employee Kobee Stalder said he is "very confident to say that we are not going to lose any of these buildings."

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The Associated Press
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Custer State Park
12/13/2017

A snowstorm is bringing locally heavy accumulations to parts of Michigan, Ohio, Pennsylvania and other states around the Great Lakes. Officials say a 21-year-old man died in Indiana when his car skidded on snow and was involved in a collision with a semitrailer.

12/13/2017

Tractor-trailers would have to be fitted with front and side guards under a bill that Sens. Kirsten Gillibrand, D-N.Y., and Marco Rubio, R-Fla., filed this week. Federal data show more than 200 people die annually from so-called side underride crashes, and Gillibrand said that "a massive safety design flaw ... makes collisions between cars and trucks much deadlier than they need to be."

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NBC News
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Kirsten Gillibrand, Bill, Marco Rubio
12/13/2017

Sexual-harassment allegations continue to emerge across many professional spheres, and financial planner Carolyn McClanahan writes that the wealth-management industry also must address the issue. Firms need more women on their boards as well as policies and cultures that allow for zero tolerance of sexual harassment, McClanahan writes.

12/13/2017

People are likely to hit a roadblock in applying for health insurance under the Affordable Care Act if they have frozen their credit reports in the wake of the Equifax data breach, experts say. That's because HealthCare.gov requires identity verification that involves credit history, and while workarounds exist, they can create delays that might leave last-minute applicants unable to enroll.

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Kaiser Health News
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health insurance
12/13/2017

A survey by American Century Investments found that 8 in 10 employees would like their employers to give them at least a "slight nudge" toward saving for retirement. The survey also found that 75% of workers support automatic enrollment in retirement plans at 6% of salary, while most pre-retirees and younger workers said they would take a 3% match of retirement-plan contributions over a 3% pay increase.

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PlanAdviser online
12/13/2017

Many startups and established companies are developing technology products for the insurance industry. The offerings increasingly include direct-to-consumer platforms and digital marketing services, as well as tools that help advisors evaluate products' suitability and clients' risk tolerance.

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insurance industry