Insurance
Top stories summarized by our editors
5/24/2017

Senate Republicans are looking to reach consensus on coverage of pre-existing conditions, with some conservatives preferring to repeal Affordable Care Act provisions governing pre-existing conditions and institute an opt-in approach for states that want to keep the provisions. Other ideas include an opt-out approach, requiring automatic coverage enrollment before states can obtain waivers or leaving many of the ACA provisions in place.

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The Hill
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Senate
5/24/2017

Homeowners insurance policies can cover such scenarios as a neighbor's tree falling on a policyholder's house and possibly someone's injury from trying to get away from an angry dog, even if the dog never makes contact, says Robert Passmore of PCI. People who think another person is liable for an injury or property damage should ask about that person's insurance coverage.

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NerdWallet
5/24/2017

The Toyota Research Institute is working with the Massachusetts Institute of Technology Media Lab on a system of data on autonomous-vehicle testing shared via blockchain. Researchers are looking at potential applications of blockchain in areas such as usage-based insurance as well as car-sharing and ride-sharing.

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Insurance Journal
5/24/2017

Commercial vehicles that typically would cross the World Trade Bridge between Texas and Mexico must detour after a storm damaged facilities on both sides of the border last weekend. The crossing is closed at least until next week as officials assess water damage, equipment damage and the other effects of the storm.

5/24/2017

A tornado with a top wind speed of 110 mph struck Sampson County, N.C., Tuesday, damaging mobile homes and a fire station. The National Weather Service will assess whether a tornado or straight-line wind is to blame for damage in nearby Robeson County.

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National Weather Service
5/24/2017

Storms damaged homes, businesses and vehicles in Austin County, Texas, Tuesday. The storms dropped hail and heavy rain and generated heavy wind and a suspected tornado.

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KTRK-TV (Houston)
5/24/2017

Smarsh's 2017 Electronic Communications Compliance Survey found an increasing regulatory focus on financial firms' electronic communications other than email. More than half of firms in the survey said examiners sought website information, while 44% reported being asked for LinkedIn communications, 27% for Facebook and 21% for Twitter.

5/24/2017

Access to paid family leave is growing for higher-paid salaried employees, but 94% of low-income employees do not receive the benefit, according to a report from Paid Leave for the United States. People making more than $75,000 per year are twice as likely to receive paid family leave compared to those who make less than $30,000 per year, the report says.

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BenefitsPro
5/24/2017

Potential changes to the income and estate tax and other laws could have a big effect on charitable donations, writes Bruce DeBoskey of The DeBoskey Group. The upshot in most cases would likely be reduced donations, but relaxation or elimination of the Johnson Amendment could boost certain political donations, DeBoskey writes.

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WealthManagement
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Bruce DeBoskey, Estate Tax, Johnson
5/23/2017

A bombing at an Ariana Grande concert in Manchester, England, has killed at least 22 people and injured at least 59. Authorities say the man responsible died when he used an improvised explosive device in what UK Prime Minister Theresa May called "an appalling terrorist attack."