Insurance
Top stories summarized by our editors
11/20/2017

PCI and the Florida-based Dnt txt n drV Foundation are calling on lawmakers to tighten up distracted driving laws and also are reminding drivers to put their phones down at the wheel. "In 2018, we are asking Florida lawmakers to pass a bill that will make texting while driving a primary offense," writes PCI's Logan McFaddin.

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Logan McFaddin
11/20/2017

The family of a 5-year-old boy who died at the rotating Sun Dial Restaurant in Atlanta in April has filed a lawsuit against the restaurant, the hotel that owns it and contractors involved in the building and renovation of the premises. The child became trapped between a moving wall and a booth, and the family says a design flaw is to blame.

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CNN
11/20/2017

About 800,000 Honda Odyssey minivans from 2011 to 2017 are subject to a safety recall after a passenger seat fault was identified in 46 injuries. The recall comes just months after Honda paid a $484 million settlement relating to faulty Takata airbag inflators in its vehicles, about 20 million of which had not yet been fixed as of mid-September.

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Honda, Takata
11/20/2017

US regulators are looking into reports that a Volkswagen recall has not been effective in fixing an electrical fault that could prevent airbags from inflating. The National Highway Traffic Safety Administration reports receiving 90 complaints of wiring failure after recall repairs have been completed.

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The Associated Press
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NHTSA, Volkswagen
11/20/2017

Two small tornadoes with wind speeds of 100 mph or more hit parts of Tennessee Saturday, the National Weather Service has confirmed. Homes and structures were badly damaged by the storms, which also brought down trees and power lines.

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National Weather Service
11/20/2017

The White House has appealed to Congress for $44 billion in disaster aid, but the package does not include money to rebuild California communities damaged by recent wildfires. Instead, the proposal asks for tax relief on behalf of those affected by the disaster.

11/20/2017

More people qualify for free or low-cost Affordable Care Act health insurance this year, a factor that could boost enrollment. Analysts say the phenomenon is due to President Donald Trump's decision to end cost-sharing payments to insurers, which caused premiums to go up for people with modest incomes but also increased the amount of government subsidies available to low-income people.

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The Associated Press
11/20/2017

The latest annual report from the Pension Benefit Guaranty Corp. shows its multiemployer plan insurance deficit grew from $58.8 billion at the end of fiscal 2016 to $65.1 billion at the end of fiscal 2017. The PBGC's single-employer insurance program fared much better, nearly cutting its deficit in half.

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PlanAdviser online
11/17/2017

Recent surveys indicate a preference among millennials to make long-term investments in real estate rather than in vehicles such as stocks and bonds. Wealth-management analyst Elizabeth Sohmer, however, points out that real estate investments generally provide lower returns than the Standard & Poor's 500 index, except in times of extreme stock market volatility.

11/17/2017

Senior citizens in the US have poorer health and more financial worries than their counterparts in 10 other wealthy Western countries, a Commonwealth Fund survey finds. Study author Robin Osborn says the situation is likely to worsen as a result of rising health care costs.

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MarketWatch
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Commonwealth Fund