Insured losses from Florence could total between $2.8 billion and $5 billion, with National Flood Insurance Program losses between $800 million and $1.2 billion, according to Risk Management Solutions. RMS also estimates that 70% of the losses are uninsured and that economic losses could be as high as $11 billion.
The latest app from Microsoft, the Microsoft Authenticator app, uses high-tech data including facial recognition and fingerprints to end company reliance on passwords. Most data breaches are the result of compromised passwords, Microsoft notes.
The confirmation of Republican Elad Roisman to the Securities and Exchange Commission this month could speed up approval of Regulation Best Interest, experts say. Industry observers say SEC Chairman Jay Clayton is now likely to bring the issue to a quick vote.
House and Senate lawmakers finalized a major opioid legislative package late Monday, and it won't include a technical change to Medicare Part D's "doughnut hole" language pushed by pharmaceutical firms. The final package includes a measure by Sen. Rob Portman, R-Ohio, that would temporarily lift restrictions on use of Medicaid funds for inpatient addiction treatment.
Early retirees might qualify for Affordable Care Act premium subsidies for individual health insurance if they manage income so it stays below limits, advisor Jonathan Guyton writes. Ways to do so include increasing traditional 401(k) contributions and withdrawing from excluded sources of income, such as Roth individual retirement accounts and Roth 401(k) plans.
A model rule proposed by the North American Securities Administrators Association would require advisors to adopt information-security policies and to share privacy policies with clients. The group seeks public comment on the proposal until Nov. 26.
Insurance agencies have been working in their communities to help policyholders affected by the natural gas explosions that destroyed dozens of homes and forced thousands of people to evacuate in Massachusetts. Columbia Gas has said it will fix and replace pipelines throughout the state and cover customers' claims, including those related to bodily injury, property damage and disruption of business related to the explosions.
The Ryan fire in Colorado and Wyoming grew more than six times in size over the past weekend as it burned through forests killed by beetles. Meanwhile, a wildfire in western Wyoming has destroyed homes and other structures.
The New York state Workers' Compensation Board has introduced virtual hearings that allow videoconferencing for injured workers and the attorneys representing them. The goal is to give workers an alternative to traveling to hearing sites for in-person appearances.
Flooding caused by rainfall from former Hurricane Florence is reaching coastal areas of South Carolina, where as much as 10 feet of floodwater due to rising river levels this week could force the evacuations of as many as 8,000 people. In North Carolina, insurance agents are visiting hard-hit communities to assist residents in filing claims.
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