The Massachusetts Executive Office of Public Safety and Security said cannabis was detected in 31% of drivers involved in deadly crashes in the state between 2013 and 2017. Gov. Charlie Baker is starting a campaign to educate men aged 18 to 34 about the effects of driving while under the influence of marijuana.
The ShakeAlertLA app will begin providing warnings about earthquakes of magnitude 4.5 or greater, according to Los Angeles Mayor Eric Garcetti. The app previously sent warnings for earthquakes of magnitude 5.0 or higher, but it faced criticism after two recent earthquakes in Ridgecrest failed to trigger alerts in some places.
More homeowners in rural and suburban California are seeking coverage through the FAIR Plan Association, the state's insurer of last resort, as new homes are built in wildfire-prone areas. Abut 130,000 of California's 8 million insured homes have FAIR Plan coverage.
The Transportation Department said Heidi King is exiting her role as acting head of the National Highway Traffic Safety Administration on Aug. 31. James Owens, deputy general counsel for the department, will become NHTSA's acting administrator when he succeeds King as deputy administrator.
Hybrid policies combining life insurance and long-term-care coverage made up 27% of the US individual life insurance market in 2018, according to LIMRA. "Eighty-five percent of long-term-care sales last year were on the hybrid product shelf, either chronic illness or acceleration of benefits," said Mathew Winegar of the Society of Actuaries.
The National Flood Insurance Program fails to protect most Americans against flooding because it does not hold municipalities accountable and remains too expensive for homeowners, said Poulton Associates CEO Craig Poulton. "With private flood insurance, you now have the ability to craft solutions that adapt to individual needs and truly work for homeowners," said Aon Edge CEO John Dickson.
Small financial advisory practices must grow to survive, Dryden Pence of Pence Wealth Management writes. Pence offers five steps to help companies increase their chances of reaching $1 billion in assets under management, including segmenting the client base, streamlining operations and recruiting growth-hungry advisors.
Financial advisors can help clients manage data overload by making sure clients are asking themselves the correct questions about what they want in financial planning, Katherine Liola of Concentric Private Wealth writes. Advisors should still use phone calls and in-person meetings in addition to more high-tech means of communication, Liola adds.
A BlackRock report found that 86% of sponsors for 403(b) plans expect market volatility this year, compared with 401(k) plans, where 71% of sponsors anticipate it. The report also found that 403(b) sponsors were more likely to take steps to deal with potential downside risks.
Collaboration among the federal government, law enforcement and the private sector is necessary to establish an objective standard and a reliable testing method for determining marijuana impairment, APCIA President and CEO David Sampson writes. "Regardless of whether one supports or opposes legalizing marijuana, we can all agree on the importance of keeping our roads and workplaces safe," he writes.