Authorities are investigating what caused a 5-day-old Miami pedestrian bridge to collapse, leaving at least six people dead and 10 injured. The bridge had undergone a stress test before it failed, and its construction involved an accelerated construction method meant to mitigate risks to workers and disruption of traffic.
Vehicles are including more driver-assistance options, but automakers recognize the need for remote operators to take control of a self-driving vehicle in emergency situations such as flash flooding. One company working on remote-driving technology is Phantom Auto, which aims to be "the OnStar for the autonomous industry," CEO Shai Magzimof said.
Automated claims services will provide insurance claims professionals with more time and resources for less-routine cases that require closer attention, experts said at a recent industry event. Organizations, however, need to ensure they don't have "bad data going into a phenomenal system" with bad decisions emerging as a result, said Linda Lane of Harbor Health Systems.
Six months after Hurricane Maria hit Puerto Rico, the US territory still awaits billions of dollars from the federal government as tens thousands of Puerto Ricans continue to lack such basic necessities as electricity and running water. A Puerto Rican official says the hurricane left about 75,000 homes destroyed and about 300,000 others damaged, resulting in an estimated $31 billion in damage.
Southern California Edison faces a lawsuit filed by ranchers who allege that the utility was negligent because of obsolete equipment and overgrown vegetation in places where the state's largest-ever wildfire began. A similar lawsuit was filed by about 300 residents, farmers and business owners in February.
The House voted 407-10 on Wednesday in favor of a bill that includes $50 million a year for a program that would train teachers, students and police on how to recognize and report the potential of gun violence. Democrats widely backed the bill, but said it would not remedy the issue of mass shootings in the US.
Being observant and asking the right questions can help advisors spot possible impaired risk life insurance cases, writes Eric Schuhmacher of First American Insurance Underwriters. He suggests paying attention to applicants' physical appearance, cancer and cardiac history, driving record and psychological issues.
The Senate on Wednesday passed the Senior Safe Act, a bill that protects financial advisors and their firms from liability for reporting cases of financial abuse of elderly clients. NAIFA President Keith Gillies said the bill provides "much needed protection for older investors," adding, "NAIFA worked hard with lawmakers to craft legislation that encourages advisors to protect their senior clients and give them mechanisms for doing so while shielding advisors who act in good faith and with reasonable care from liability."
A bipartisan bill introduced in the Senate seeks to outlaw "gag clauses" that restrict pharmacists' ability to tell consumers a drug might cost less if they pay out of pocket rather than going through their insurer. A study published in the Journal of the American Medical Association found that 23% of prescriptions cost more through insurance than out of pocket.
A preliminary analysis from the Congressional Budget Office found bipartisan legislation aimed at stabilizing Affordable Care Act markets would cut premiums by 10% next year and by 20% in 2020 and 2021. The updated legislation, which could be included in next week's omnibus spending bill, would provide $30 billion over three years for state reinsurance programs and three years of cost-sharing reduction subsidies, and it would permit sale of catastrophic plans to all age groups and give additional flexibility to states.
- Page 1