Insurance
Top stories summarized by our editors
2/22/2018

Some investors are rethinking their commercial real estate investments in places natural disasters pose an increasingly costly threat, but others are maintaining profitable CRE investments despite the rising risk. Meanwhile, commercial insurance and reinsurance rates are poised to rise, and Aon Benfield data show increasing economic and insured losses worldwide in recent years.

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Bisnow
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Aon Benfield
2/22/2018

The 2017 Atlantic hurricane season brought major challenges for the National Flood Insurance Program, which already was burdened with $25 billion in debt. Proposals for addressing the program's solvency include providing coverage only for current policyholders and not for those moving into flood-prone areas, although such suggestions face opposition and receive little attention from lawmakers, writes Jason Hargraves of insuranceQuotes.

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PropertyCasualty360
2/21/2018

Retirees of the future will be more vulnerable to market downturns than those of the past, says the Center for Retirement Research, citing retirees' increasing dependence on financial assets. They can minimize risk by annuitizing wealth, working longer or taking out a reverse mortgage, the center says.

2/21/2018

Police say a collision between a pickup and semitrailer that left four people dead in Nebraska on Tuesday resulted from slick road conditions caused by a winter storm. The storm also led to hundreds of crashes reported in Minnesota, a fatal crash in Kansas and tornadoes in Texas.

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The Associated Press
2/21/2018

Technology in vehicles has gathered data for decades, but new uses of that data are poised to emerge as artificial intelligence can assess the information at an increasingly fast pace. Automakers' goal is to package the data and sell it for marketing purposes, says Roger Lanctot of Strategy Analytics, and the upshot of drivers agreeing to share their data could include offers for insurance discounts or coupons for various products.

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Roger Lanctot
2/21/2018

Distracted driving is likely a key factor in vehicular accidents leading to workers' compensation claims, which have increased over the past decade, according to AF Group. "[T]hese distractions are often a personal choice by employees who are trying to multitask and do their jobs better and more efficiently," AF Group says.

2/21/2018

Insurers can face challenges in their accounts receivable in the aftermath of a catastrophe, but technology can help them address such issues. "By using technology to automate the end-to-end invoicing process, data can now be captured for each and every invoice transaction, supplying valuable information to both the vendor and the carrier," John Langowski of VIP Software writes.

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PropertyCasualty360
2/21/2018

At least 30 homes were damaged when an EF0 tornado hit near DeSoto, Texas. A local meteorologist said the National Weather Service was unable to warn residents of the tornado because of its rapid formation.

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National Weather Service
2/21/2018

The Employee Benefit Research Institute says that five surveys show the growth rate for health plans eligible for health savings accounts has been falling since 2014, with one survey showing zero growth in 2017. Some surveys show continued growth in HSA enrollments, but many of the accounts remain unfunded, EBRI says.

2/21/2018

As the advisory industry continues its gradual shift toward payment according to assets under management, software suppliers are likely to come under pressure to bring down costs for portfolio accounting software, writes financial planner Michael Kitces. He discusses what the future of planning software could look like.

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Michael Kitces