Insurance
Top stories summarized by our editors
2/21/2018

Police say a collision between a pickup and semitrailer that left four people dead in Nebraska on Tuesday resulted from slick road conditions caused by a winter storm. The storm also led to hundreds of crashes reported in Minnesota, a fatal crash in Kansas and tornadoes in Texas.

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The Associated Press
2/21/2018

Technology in vehicles has gathered data for decades, but new uses of that data are poised to emerge as artificial intelligence can assess the information at an increasingly fast pace. Automakers' goal is to package the data and sell it for marketing purposes, says Roger Lanctot of Strategy Analytics, and the upshot of drivers agreeing to share their data could include offers for insurance discounts or coupons for various products.

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Roger Lanctot
2/21/2018

Distracted driving is likely a key factor in vehicular accidents leading to workers' compensation claims, which have increased over the past decade, according to AF Group. "[T]hese distractions are often a personal choice by employees who are trying to multitask and do their jobs better and more efficiently," AF Group says.

2/21/2018

Insurers can face challenges in their accounts receivable in the aftermath of a catastrophe, but technology can help them address such issues. "By using technology to automate the end-to-end invoicing process, data can now be captured for each and every invoice transaction, supplying valuable information to both the vendor and the carrier," John Langowski of VIP Software writes.

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PropertyCasualty360
2/21/2018

At least 30 homes were damaged when an EF0 tornado hit near DeSoto, Texas. A local meteorologist said the National Weather Service was unable to warn residents of the tornado because of its rapid formation.

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National Weather Service
2/21/2018

The Employee Benefit Research Institute says that five surveys show the growth rate for health plans eligible for health savings accounts has been falling since 2014, with one survey showing zero growth in 2017. Some surveys show continued growth in HSA enrollments, but many of the accounts remain unfunded, EBRI says.

2/21/2018

As the advisory industry continues its gradual shift toward payment according to assets under management, software suppliers are likely to come under pressure to bring down costs for portfolio accounting software, writes financial planner Michael Kitces. He discusses what the future of planning software could look like.

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Michael Kitces
2/21/2018

Informal electronic-waste recycling facilities have emerged as a result of the growing amount of e-waste, but such facilities can be risky because of the emissions they produce. Governments and tech companies have a range of options, however, for helping ensure that e-waste is recycled properly.

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Business Matters (UK)
2/21/2018

President Donald Trump's proposed budget for 2019 would make further funding reductions for the Environmental Protection Agency as well as for climate-change monitoring and flood-hazard mapping, writes Joshua Busby, an associate professor of public affairs at the University of Texas at Austin.

2/20/2018

US lawmakers from both parties are discussing a need to bolster oversight of cryptocurrencies, high-ranking congressional members say. A House Financial Services subcommittee will conduct hearings in coming weeks.

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Reuters
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House Financial Services