Insurance
Top stories summarized by our editors
6/21/2018

Design and safety features that can help homes withstand hurricanes, flooding and other extreme weather are not being embraced quickly enough within the housing market, experts say. The Federal Emergency Management Agency provides reduced rates for flood insurance in communities that exceed local building codes, and insurers are encouraging builders to meet the Insurance Institute for Business and Home Safety's enhanced standards to protect homes from hurricane damage.

6/21/2018

A National Safety Council study found employee fatigue to be a factor in nearly one-third of reported workplace injuries and near-misses. Preventing workers from taking excessive overtime, reducing repetition in tasks and rotating overnight shifts among employees can help mitigate fatigue in the workplace, experts say.

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National Safety Council
6/21/2018

Southeast Texas on Wednesday experienced flash flooding in areas affected by Hurricane Harvey in August, with reports of a 91-year-old woman rescued from her home and stranded motorists brought to safety via kayaks. Rainfall set a daily record at a regional airport, while Corpus Christi reported part of the city receiving 12.89 inches of rain over 48 hours.

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CNN
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Corpus Christi
6/21/2018

Puerto Rico has seen progress in terms of power restoration and economic recovery since Hurricane Maria, but thousands of people in the US territory are still living with tarps or plastic sheets as temporary roofs on their homes as a new hurricane season is underway. Federal and local officials say they are unsure how many homes need permanent roofs, and many residents are unable to make repairs on their own because they lack insurance.

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CBS News
6/21/2018

A judge seeking a full hearing is likely the reason the 5th US Circuit Court of Appeals has not issued an official order to end the Labor Department's fiduciary rule, lawyer William Jay says. A three-judge panel vacated the rule in March, overturning a court decision in a lawsuit brought by NAIFA and other plaintiffs.

6/20/2018

House Republicans unveiled a budget proposal Tuesday that would slash Medicare spending by $537 billion and funding for Medicaid and other health care programs by $1.5 trillion. The proposal would also fast-track a reconciliation process that would allow Senate lawmakers to repeal the Affordable Care Act with only 50 votes.

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Medicaid, GOP, Senate
6/20/2018

The latest Natixis advisor survey shows financial professionals still see plenty of investor risk despite the continuing bull market, with rising interest rates expected to have a negative effect on portfolio performance. Among the survey's findings were that 64% of advisors said investors are not prepared for a market downturn and almost half said clients have acted emotionally during recent volatility.

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Natixis
6/20/2018

Even with a decades-low unemployment rate, lower taxes and low inflation, many Americans are not benefiting from the vibrant economy, with a recent Oxford Economics analysis showing people in the lowest 60% of earners tap savings to pay for everyday expenses. Stagnant wages and rising gasoline and housing prices, along with student-loan debt and child-care costs, are among the reasons some people still struggle financially.

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USA Today
6/20/2018

A MuleSoft survey has found 44% of consumers worldwide are fine with insurers using third-party data or collecting data from smart home devices and health-monitoring apps to reduce premiums and to get personalized service. "If such data is made readily available by social media sites to insurance providers, the industry should work with regulators to ensure processes are put in place to enable customers to indicate whether they want these additional data sources to be used to calculate a more personalized premium," says Jerome Bugnet of ‎MuleSoft.

6/20/2018

A report from the Pew Charitable Trusts says states are often unaware of their total spending on natural-disaster readiness and relief, which could mean states are covering too much of disaster-related costs before they receive federal aid. Several states are undertaking mitigation efforts in line with the Federal Emergency Management Agency's "Mitigation Moonshot," which aims for a fourfold increase in mitigation spending by federal, state and local governments along with private and nonprofit entities.