Insurance
Top stories summarized by our editors
9/21/2018

The National Highway Traffic Safety Administration gave Tesla's Model 3 sedan five-star ratings in overall safety and all other testing categories -- front impact, side impact and rollover. The company's Model S and Model X vehicles also received five-star ratings in all NHTSA categories.

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NHTSA, Tesla
9/21/2018

House Ways and Means Committee Chairman Kevin Brady, R-Texas, said the IRS should revise guidance clarifying taxpayers' obligations involving virtual currencies. "Since the emergence of virtual currencies, the IRS has struggled with how to treat virtual currencies for tax purposes and the amount of guidance necessary to assist taxpayers in understanding their tax obligations," Brady said in a letter to acting IRS Commissioner David Kautter.

9/21/2018

Only 12% of US investors allocate at least 1% of their portfolio to sustainable investments, according to a UBS report, the lowest participation rate among 10 countries studied and well below the global average of 39%. However, of US investors who have adopted sustainable investing, the average allocation is 49%, above the global average of 36%.

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UBS
9/21/2018

The financial-services industry is more susceptible to bad publicity from data breaches than other sectors, according to a report from eMoney Advisor. The report says that the average breach at a financial company costs almost $7 million and that attacks are increasing, with 25% of firms hit in 2017, up from 20% in 2016.

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eMoney Advisor
9/21/2018

A study from IonTuition finds 66% of people want the ability to put retirement matching contributions toward student-loan repayment, up from 49% a year ago. Many people feel as though they have to choose between making loan payments and saving for retirement, experts say.

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IonTuition
9/21/2018

The Occupational Safety and Health Administration has fined contractors a total of $86,858 in connection with worker-safety citations stemming from the Miami pedestrian bridge collapse that left six people dead in March. OSHA stated that the contractors failed to take sufficient measures to safeguard their employees from crushing and fall hazards.

9/21/2018

The Federal Aviation Administration has given State Farm approval to fly drones over four states to evaluate damage caused by Hurricane Florence. This is the first time an insurer has received FAA permission to fly drones at long distances and above populated areas.

9/21/2018

Shane Westhoelter, CEO of Gateway Insurance and Financial Services and a speaker at NAIFA's annual conference, discusses marketing to multigenerational clients. "I think one of the mistakes a lot of advisors make today is that they want to become product experts," he says, noting buyers are more focused on concepts than on individual products.

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NAIFA
9/21/2018

Storms caused flooding in the Twin Cities and damaged properties in southern Minnesota, where at least four tornadoes were reported on Thursday.

9/21/2018

Geologists and developers are at odds over construction along coastal areas such as North Carolina's Outer Banks, where Hurricane Florence served as a reminder of the barrier islands' property risk even as the area avoided the worst of the storm. Experts also are concerned that mountainous areas inland could see flooding and landslides from a storm like the one that hit the Appalachians in 1940, when the area was much less developed.