Insurance
Top stories summarized by our editors
7/16/2019

Pacific Gas and Electric said it has identified 10,000 problems with its power equipment during inspections in areas facing high risk of wildfire. The California utility said it deemed about 1,000 safety risks as the most severe, with repairs to those now complete or underway.

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Pacific Gas and Electric
7/16/2019

Lawyers have made closing arguments in the nonjury trial in which Oklahoma is seeking as much as $17 billion over 30 years from Johnson & Johnson, which is accused of creating a public nuisance through its marketing of opioid drugs. Briefs from both sides are due by the end of July, after which Judge Thad Balkman expects to hand down a decision.

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Reuters
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Johnson & Johnson
7/16/2019

Storms that hit the Minneapolis-St. Paul metropolitan area on Monday caused street flooding and property damage from falling tree limbs. Minnesota could face more storms in the week ahead, said Brent Hewett of the National Weather Service.

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National Weather Service, Paul
7/16/2019

A wildfire in Grant County, Wash., has prompted evacuations after burning an estimated 5,000 acres. Fifteen buildings were at risk, although no damage had been reported as of Monday morning.

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SeattlePI
7/16/2019

Legislation filed in Pennsylvania would establish a state landslide insurance fund. The bill would make the coverage available to homeowners in zones identified as prone to landslides.

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KDKA-TV (Pittsburgh)
7/16/2019

Maintaining life insurance coverage in retirement offers distinct benefits, writes Ray Caucci of Vantis Life Insurance Company. He examines five of them, including providing a potential income source and accessing death benefits in cases of chronic illness.

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MarketWatch
7/15/2019

Labor Secretary Alexander Acosta's abrupt resignation could affect the future of the department's fiduciary rule. If the person who replaces Acosta "has an anti-regulatory approach, we may not see a new fiduciary regulation during this administration," says attorney Fred Reish.

7/15/2019

Tropical Depression Barry, which briefly reached Category 1 hurricane status in the Gulf of Mexico, has not caused the level of storm surge and severe flooding that forecasters said Louisiana might experience. Flash-flood watches related to the storm remained in effect Monday morning in Louisiana and Mississippi as well as parts of neighboring states.

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CNN, The Associated Press
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Barry
7/15/2019

The Mississippi River, the Missouri River and smaller waterways in the Midwest are seeing flooding worsen because of "oversized levees, floodplain development and structural narrowing for barge traffic," said Robert Criss, professor emeritus with the Department of Earth and Planetary Sciences at Washington University in St. Louis. Rules on floodplain development vary from state to state, and experts say building codes need updates as flood risk increases.

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Washington University
7/15/2019

Products such as sensor-equipped headlights and "smart tires" that adjust based on road conditions are under development as companies seek to enhance the capabilities of autonomous vehicles. Conventional parts makers "are striving to become the 'five senses' of the vehicle so they can remain relevant," said Zhou Lei of Deloitte Tohmatsu Consulting.