Aon is working with Hewlett-Packard for a fall debut of a cyberinsurance product geared toward middle-market companies. "We feel the middle market doesn't have the same resources to protect against the whole host of different cyberevents that occur," said Jason Hogg, CEO of Aon Cyber Solutions.
More than 2.3 million Ford, Nissan and Volkswagen vehicles could be affected by the National Highway Traffic Safety Administration's expansion of three investigations for brake and air bag problems. The investigations cover possible faulty brakes on Ford and Nissan models, and possible defective air bags on Volkswagen models.
Researchers say precipitation from "whiplash" events, defined as a year-to-year swing from extreme dry to wet conditions, will become more common in California.
Residents of Coconino County in Arizona were allowed to return to their homes Monday night after an evacuation order was lifted. A yard fire spread to 100 acres before being brought under control.
Clients want to "get something back" from their long-term-care insurance if they don't end up tapping into benefits, said financial planner Dan Moisand, and this concern could fuel growth in sales of policies that combine life insurance and long-term-care insurance. Data from LIMRA shows sales of combination policies nearly tripled between 2012 and 2016, while sales of traditional long-term-care insurance policies fell 60% during the same period.
Most cyberattacks take advantage of human vulnerabilities as opposed to software flaws, ProofPoint's 2018 Human Factor Report states. The report states that emails remain the top point of attack and that half of the clicks on malicious emails occur within one hour of them being received.
Option contract volume has increased among wealth managers, according to the Options Clearing Corp. Dave Donnelly of SpiderRock Advisors notes that some advisors are utilizing options as an alternative to fixed income and a way to reduce portfolio risk.
Personal finance writer Michelle Singletary encountered a 64-year-old woman terrified $1 million would not be enough money to last her after being laid off a few years before her planned retirement. Singletary consulted with financial planner Carolyn McClanahan, who said the woman might be right to worry.
Honda says 62,307 vehicles in the US still have Takata air bags known as "Alphas," which have up to a 50% chance of their inflators exploding into shrapnel during a crash. The potentially deadly airbags remain 10 years after a recall that has encompassed 37 million vehicles made by 19 companies.