Insurance
Top stories summarized by our editors
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
11/17/2017

This year's wildfire outbreak in California could lead to insured losses as high as $10.5 billion, up significantly from an initial $3 billion estimate, according to AIR Worldwide. The catastrophe-risk modeler revised its estimate based on completed surveys of the damage as well as data on insurance policy terms.

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Artemis
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AIR Worldwide, insurance policy
11/17/2017

People driving without insurance in Oklahoma could be caught and fined automatically via a roadside-camera system that the state plans to install through a contract with Massachusetts-based Gatso USA. Oklahoma has 26% uninsured-driver rate, according to a 2015 Pew Charitable Trusts survey.

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Oklahoma Watch
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Pew Charitable Trusts
11/17/2017

Agents can ask clients a series of questions to help sort through the expanding options in the flood insurance market and make sure that coverage meets the level of risk, writes John Dickson of Aon National Flood Services' NFS Edge Insurance Agency. Dickson outlines seven factors to consider, including whether a client's property value is more than $250,000 and whether a property has a finished basement or pool.

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PropertyCasualty360
11/17/2017

Some employers are now providing "climate leave" for employees affected by extreme weather events and natural disasters such as hurricanes and wildfires. Elite employees, however, are the ones most likely to benefit, although employers are updating leave policies to cover a greater variety of circumstances, said Julie Norville of Aon Hewitt.

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Aon Hewitt
11/17/2017

A storm is hitting the West Coast with heavy rain and snow and wind gusts as high as 70 mph, causing flooding and contributing to vehicular collisions. The system is expected to be a threat to the Midwest and East Coast over the weekend.

11/17/2017

About 210,000 gallons of oil spilled from the Keystone Pipeline in South Dakota on Thursday, prompting an emergency cleanup. The incident occurred as Nebraska regulators are scheduled on Monday to announce their permitting decision for the Keystone XL Pipeline project.

11/17/2017

An area near the San Andreas fault has experienced a series of earthquakes in recent days, with the first one a magnitude 4.6 temblor that occurred on Monday. No injuries or deaths have been reported, and a seismologist described the earthquakes as typical activity near the fault.

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Weather
11/17/2017

The tax bill that the House approved on Thursday and the current version of the Senate legislation contain no changes to the tax treatment of 401(k) contributions. NAIFA CEO Kevin Mayeux said in a letter to members that "the situation is fluid and negotiations are ongoing" and that "we remain focused on educating key members of Congress to ensure that the final tax law is as strong as it possibly can be."

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NAIFA, tax law, Kevin Mayeux, Senate, the House
11/17/2017

Health savings accounts are growing rapidly, and the financial-advisory sector is increasingly focused on managing them, Peter Stahl of Bedrock Business Results said at the Schwab IMPACT conference. Health expenses are the biggest concern regarding retirement, and HSAs offer "a great opportunity to help clients deal with this problem," Stahl said.

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Peter Stahl, Schwab