The action by Massachusetts charging Scottrade with violating part of the Labor Department's fiduciary rule is without merit and demonstrates the importance of vacating the rule, lawyer Eugene Scalia told the US Court of Appeals for the 5th Circuit on Friday. The state's action "confirms Appellants' concern that the portions of the rule that took effect on June 9, 2017 will continue to impose extensive burdens and costs on Appellants' members, even while other aspects of the Rule have been postponed," Scalia wrote.
Using drones on construction sites can help managers "improve safety, project efficiency and data accuracy," writes Mike Danielak, director of client strategy and business development at Skyward. Drones help companies perform survey and design tasks for less cost and offer the "added bonus of gathering the data safely," he writes.
The recent stock market volatility makes now a good time to reach out to clients to ensure they are on track with their investment plan, writes Jess DeGabriele of LHD Retirement. Among the topics to discuss are asset allocation and return expectations, DeGabriele writes.
Tornadic activity has decline in Tornado Alley but has risen in Dixie Alley, which includes Alabama and Tennessee, during the past three decades, researchers say. Tornadic activity appears to be shifting eastward, with places such as Joplin, Mo., on guard after a catastrophic tornado in recent years and a January tornado in a nearby community.
Middle-market commercial insurers can develop a "more comprehensive business-support ecosystem" that includes collaboration with third parties as well as bundling of insurance and noninsurance services, say Sam Friedman, Michelle Canaan and Nikhil Gokhale of the Deloitte Center for Financial Services. Carriers making such transitions, however, "will most likely need to get their agents and brokers solidly on board," they write.
Officials have told five companies involved in wildfire cleanup efforts in California's Ventura County to put their work on hold after investigators accused the contractors of workers' compensation violations. The county district attorney says the five companies either lacked proper insurance coverage or a license for the work.
A wildfire expanded to 900 acres in Inyo County, Calif., on Sunday, prompting officials to evacuate as many as 200 people from nearby communities and campsites. The wind-driven wildfire has forced part of Highway 6 to close and put the historical Laws Railroad Museum at risk.
Parts of the Mid-Atlantic and Northeast experienced snow totals from moderate to heavy as a winter storm moved through the regions over the weekend. Some locations received more than 9 inches of snow.
Legislation filed in Indiana would establish safety standards for self-driving vehicles until federal safety rules are adopted. The bill would set insurance and registration requirements and hold manufacturers liable if an autonomous vehicle ran multiple red lights.
More than half of people surveyed by LendEDU said they will use extra income related to the tax law to pay down debt, save more for retirement or invest. Additionally, nearly 48% of respondents said they think they will be able to retire sooner due to the changes in the tax law.