Insurance
Top stories summarized by our editors
3/20/2019

Buyers of credit, housing and employment ads on Facebook will soon see changes in targeting capabilities under a discrimination-litigation settlement that also requires the company to pay about $5 million. Facebook said it has "removed thousands of categories from targeting related to protected classes such as race, ethnicity, sexual orientation, and religion" and that it will give civil rights advocates access to monitor its systems.

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Facebook
3/20/2019

Autonomous-vehicle company Waymo plans to establish an 85,000-square-foot Technical Service Center in Mesa, Ariz., in addition to its existing 60,000-square-foot center in Chandler. The new facility will help the Alphabet-owned company expand testing of its autonomous-vehicle fleet's capability for carrying passengers.

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Technical Service Center, Waymo
3/20/2019

A TrustArc survey of companies found 86% of respondents saying their work toward compliance with the California Consumer Privacy Act is incomplete. Provisions of the legislation, set to take effect in January, will allow consumers to have their data deleted and to opt out of having their data sold.

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Fortune
3/20/2019

While 22 sites have been deleted from the National Priorities List by the EPA under the Trump administration, five were added last fall. Two of the new sites were added to the list because of subsurface intrusion pathways on the sites.

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JD Supra
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EPA, Trump administration
3/20/2019

Innovations in sustainable construction include transparent wood that could replace glass or plastic and reusing cigarette butts by adding them to bricks. Developments such as superhydrophobic cements and increased use of LED and OLED light could make some projects more energy efficient.

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Inhabitat
3/19/2019

A planned overhaul of the National Flood Insurance Program will involve the use of private-sector data to price flood insurance based on homes' individual flood risk, supplanting the current reliance on a single formula for all homes in a flood zone, the Federal Emergency Management Agency said. The revised rates, which will also include coastal-surge risk and home-replacement costs as factors, are expected to take effect beginning in October 2020.

3/19/2019

At least two large US banks are considering following JPMorgan Chase's example and issuing a cryptocurrency token, IBM says. Two banks have expressed interest to IBM in issuing a stablecoin, which is pegged to traditional currency, says Jesse Lund, vice president of blockchain.

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IBM, JPMorgan Chase, Jesse Lund
3/19/2019

The Florida Senate Judiciary Committee has voted in favor of a bill intended to reduce assignment-of-benefits litigation and abuse, which the insurance industry blames for contributing to rising insurance rates in the state. The measure would allow one-way attorneys' fees only for policyholders.

3/19/2019

Reports of golf balls striking vehicles near a country club in Seal Beach, Calif., highlight the issue of liability for such incidents. APCIA's Robert Passmore said comprehensive auto insurance policies typically cover damage from errant golf balls, although insurers might face difficulty if they aim to prove a golf course was negligent regarding golf-ball damage.

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Robert Passmore, Golf
3/19/2019

Cal Fire said the National Guard will help with managing trees and vegetation as well as establishing fuel breaks to curtail wildfire risk. The state will focus on efforts in more than 200 communities deemed particularly at risk from wildfires.

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CNBC
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National Guard, Cal Fire