Insurance
Top stories summarized by our editors
6/14/2019

Lack of disclosure requirements about homes' flooding history and federal flood mapping deficits make it difficult for homebuyers to make well-informed decisions. The nonprofit First Street is collaborating with several universities to integrate FEMA flood claim data with images from satellites and other information to compile a database about homes' flooding history and future risk.

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FEMA
6/14/2019

Pacific Power says it will consider power shutoffs in Oregon to help prevent the start of wildfires during dangerous weather. The utility also says it plans to clear more vegetation and build weather-monitoring stations.

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Pacific Power
6/14/2019

Speakers providing testimony to the Senate Energy and Natural Resources Committee said the approaching wildfire season is likely to be more severe and destructive than last year's. Sen. Lisa Murkowski, R-Alaska, said factors such as landscapes that have not been adequately cleared and insect infestations that made trees vulnerable are contributing to the problem.

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CNN
6/14/2019

The New York State Assembly passed a bill that proposes allowing undocumented immigrants in the state to be issued driver's licenses. Supporters of the bill say it has the potential to improve road safety.

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Newsweek
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New York State Assembly
6/13/2019

The House Financial Services Committee on Wednesday passed a bill that proposes reauthorizing the National Flood Insurance Program for five years. The bill also recommends funding for flood-zone mapping and the option for insureds to switch between public and private insurance without losing subsidies.

6/13/2019

The House Ways and Means Committee held a hearing Wednesday to explore the proposed Medicare for All bill, and panel members were at odds with each other on how the government would fund the program, which is estimated to cost tens of trillions of dollars. During the hearing, Republicans warned that the proposal would harm seniors and children and result in longer wait times, reduced quality of care and higher health care costs for many Americans, while Democrats accused Republicans of using scare tactics to oppose any government effort to expand health care.

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The Hill
6/13/2019

Too many financial advisors fail to plan for their own retirement, have trouble managing their cash flow and tend to be overly aggressive with their investments, writes Joseph Conroy of Synergy Financial Group. To ensure they are saving enough and investing well, he suggests advisors set aside money in an escrow account and work with a financial planner.

6/13/2019

A bill creating a regulatory sandbox in Vermont was signed into law by Gov. Phil Scott. The sandbox "ensures that a level playing field is maintained for insurers both inside and outside of the sandbox," says APCIA's Alison Cooper.

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Alison Cooper, Gov. Phil Scott, APCIA
6/13/2019

Doug Peterson, Nebraska's attorney general, differs from all other states because he has not pursued a lawsuit, or voiced the intention to do so, against any opioid manufacturer. Nebraska is not excluded from any potential settlement that may result from federal settlement negotiations underway in Ohio, although there is no distribution mechanism in place if an agreement is reached.

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The Associated Press
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Doug Peterson
6/13/2019

Natural disasters lead to a drop in credit scores and increase in debts in collection over the long-term for victims, says an Urban Institute report. "Some people believe they don't need [coverage], and then they experience an event and realize they can't afford the cost of repairs or rebuilding," says Hagerty Consulting's Brock Long.

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CNBC
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Brock Long, Urban Institute