Insurance
Top stories summarized by our editors
7/19/2019

San Francisco and other California municipalities are calling to amend the state's new wildfire fund law, which requires regulatory approval for municipal purchases of utility assets from Pacific Gas and Electric. "Cities should have the flexibility to create their own municipal utilities, and we shouldn't stop them if that's what a community wants to do," state Sen. Scott Wiener said.

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Sen. Scott Wiener, Pacific Gas
7/19/2019

Drug distributor Miami-Luken, two of its former executives and two pharmacists are facing federal charges in a case related to the opioid crisis. The company failed to prevent the illegal use of hydrocodone and other drugs it distributed in five states, prosecutors said.

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Reuters
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hydrocodone
7/19/2019

Uber has laid out a safety framework that it hopes will become universally accepted in autonomous-vehicle development. The framework resembles a decision tree as well as a checklist.

7/19/2019

Sacramento, Calif., is one of California's most "earthquake-proof" cities, and it's attracting residents from the Bay Area, where earthquake risk and the cost of living are higher, Aria Bendix writes. Sacramento has few active fault lines surrounding it, and it has flat geography rather than hills or basins that could intensify the effects of an earthquake.

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Business Insider
7/19/2019

Southern Manatee Fire & Rescue, in Florida, has four drones that feature thermal sensors, high-definition cameras and other equipment to assist in emergency response. Firefighters recently deployed the technology to help crews on the ground while battling a fire at the Port of Manatee.

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WTVT-TV (Tampa, Fla.)
7/19/2019

A state audit report says 33 California state offices are falling short in efforts to protect data because of insufficient oversight and security standards. A lack of information security measures is more likely at agencies that don't face mandatory reporting of compliance with state policies on data privacy and security, according to the report.

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StateScoop
7/18/2019

House lawmakers voted 419-6 to approve a bill that would permanently repeal the Affordable Care Act's 40% "Cadillac tax" on high-cost employer-based health insurance plans, after being repeatedly delayed by Congress.

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Congress, Matt Eyles, AHIP, ACA
7/18/2019

The resignation of Labor Secretary R. Alexander Acosta and the appointment of Patrick Pizzella as acting secretary puts the timeline for a fiduciary rule for retirement advice in doubt. What happens to the rule depends on "how much authority is Pizzella going to feel that he has," lawyer Joshua Lichtenstein says.

7/18/2019

The Federal Reserve's latest Beige Book shows businesses expect modest economic expansion, aided by an increase in consumer spending, but concerns remain about trade negotiations. Some businesses surveyed report difficulty in attracting workers.

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Federal Reserve
7/18/2019

Before selecting technology, financial advisors should examine their service model and the segmentation of their clients, consultant Jarrod Upton writes. He offers four steps, beginning with defining goals and client experience.

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Jarrod Upton