Insurance
Top stories summarized by our editors
10/20/2017

Workers' compensation claims have been filed by four off-duty Orange County, Calif., sheriff's deputies who were injured during the Las Vegas mass shooting this month. The Association of Orange County Deputy Sheriffs says that public policy recommends that off-duty officers "utilize their specialized training in the protection of life and property," even when out of state.

10/20/2017

General Motors has agreed to a $120 million settlement of claims related to faulty ignition switches, on top of the $2.5 billion it has already paid in settlements and fines over the issue. The ignition-switch defect has been linked to 124 deaths and 275 injuries, and it led to the recall of 2.7 million GM vehicles in 2014.

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General Motors
10/20/2017

The chairman of the California Public Utilities Commission says wildfires might have destroyed evidence that would help determine whether electrical equipment belonging to Pacific Gas and Electric helped spark recent wildfires in Northern California. Morgan Stanley said PG&E could face some liability for damages even if an investigation finds no negligence on the utility's part.

10/20/2017

One month after the deadly Hurricane Maria caused widespread destruction in Puerto Rico, many residents are still struggling without power or water. Some officials say a slow federal response to the disaster and a lack of preparedness for the worst-case scenario have hindered recovery progress.

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Hurricane Maria
10/20/2017

Prosecutors have filed misdemeanor charges against a 15-year-old boy from Washington state in connection with the 48,000-acre Eagle Creek Fire in Oregon. The boy, whose name is not being released, is accused of throwing a firecracker into a canyon and thereby starting the fire, which has cost more than $19.2 million to fight.

10/20/2017

Costs resulting from Mexico's recent earthquakes and hurricanes Harvey, Irma and Maria could total $95 billion for the insurance industry, Swiss Re said. Insured losses from this month's California wildfires, meanwhile, are at $1.05 billion, according to a preliminary estimate by the state Department of Insurance.

10/20/2017

A bill introduced by senators from Washington, Oregon and Idaho would make $100 million available for rural wildfire-prevention projects, such as forest thinning and controlled burns. A recent disaster-relief bill provided $577 million for battling wildfires.

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The Associated Press
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Bill
10/20/2017

A Government Accountability Office report says the nation's retirement system has changed drastically over the past four decades and is in need of review. Among the issues cited in the report are a shift to defined-contribution plans and projected shortfalls facing Social Security and the Pension Benefit Guaranty Corp.

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PlanAdviser online
10/20/2017

President Donald Trump's executive order calling to end the Affordable Care Act's cost-sharing reduction payments to insurers, along with senators' subsequent plan to restore the payments at least temporarily, has led to confusion on health coverage and rates. Insurers have filed two sets of rates in many states, with one accounting for the possible loss of the payments, although whether rates can be adjusted later remains unclear.

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Reuters
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President Donald Trump, ACA
10/19/2017

Crews battling wildfires in Northern California are gaining ground, and officials expect full containment of Sonoma County fires by Friday. Some areas devastated by wildfires were not in the high-risk zones identified for higher levels of fire protection, raising questions about the modeling of fire activity and the requirements for rebuilding.