Insurance
Top stories summarized by our editors
5/22/2018

Consumer Reports declined to give Tesla's Model 3 sedan a recommendation after deeming the vehicle's stopping distance to be "far worse than any contemporary car we've tested." The publication also said using the central control screen on the dashboard requires drivers to look away from the road and remove a hand from the steering wheel.

More Summaries:
Tesla
5/22/2018

Fire departments in the US respond to an average of 830 fires in multifamily construction projects annually, according to the National Fire Protection Association. Builders are responding to the problem with measures to reduce the risk, including the use of new technologies and early activation of sprinkler systems.

5/22/2018

A 15-year-old boy who admitted to tossing fireworks into a canyon and igniting a major Oregon wildfire has been ordered by a county judge to pay about $36.6 million in restitution. The teenager must make payments towards the sum for at least 10 years, although the judge recognized that repaying the full sum would be unrealistic.

5/22/2018

A survey by AAA found 73% of respondents saying they are too afraid to ride in a fully autonomous vehicle, an increase of 10 percentage points over late-2017 survey results, with the greatest increase in uncertainty emerging among people ages 20 to 37. The latest results indicate that "any incident involving an autonomous vehicle is likely to shake consumer trust, which is a critical component to the widespread acceptance of autonomous vehicles," said Greg Brannon of AAA.

More Summaries:
AAA
5/22/2018

The Tennessee Supreme Court has declined to hear an appeal by a Nashville mall's operator seeking $150 million in flood coverage related to a 2010 flood that left 10 people dead. The operator originally received a jury award of $200 million from insurance companies, but an appeals court held that the mall's flood risk left it entitled to only $50 million.

Full Story:
The Associated Press
More Summaries:
Tennessee Supreme Court
5/22/2018

A 25-foot-deep sinkhole led to a road closure in Raleigh, N.C., on Monday as heavy rains also caused flooding that required part of an interstate to be closed for more than an hour. In the western part of the state, a woman died in a mudslide near her Polk County home on Friday.

5/22/2018

The risk of natural disasters such as the Kilauea volcano's eruption in Hawaii, tornadoes, earthquakes and hurricanes can create a need for special coverage based on factors such as a property's location and the type of damage caused. Properties in areas at risk of lava flows are likely to have difficulty obtaining volcano-related coverage, although the state's insurer of last resort is an option.

Full Story:
The Associated Press
5/22/2018

The percentage of people without health insurance was 9.1% in 2017, essentially the same as it was in 2016, according to the Centers for Disease Control and Prevention. However, the uninsured rate rose among certain groups, and experts say certain moves by the Trump administration, such as eliminating the tax penalty for people who don't have insurance, could lead the rate to rise in the future.

5/22/2018

A sell-off in corporate bonds is pushing up yields, meaning corporations that want to borrow money may have to pay life insurers a higher rate of return. However, demand for corporate bonds from overseas investors and pension funds may mitigate the sell-off, according to Bloomberg.

More Summaries:
Bloomberg
5/22/2018

The Government Accountability Office reported in 2016 that two-thirds of US school districts hold exercises to for preparedness in case an active shooter targets a campus, with schools conducting regular and unannounced safety drills. Students' discussion of the school shooting threat has shifted from disbelief that such an incident could happen on their campuses to concern over how they would respond to an active shooter.