From the monthly archives: July 2017
Anil Lewis was behind the wheel of his Ford Mustang convertible on a sunny Atlanta day in 1988, when he nearly hit a pedestrian who appeared in a crosswalk ahead of him, seemingly out of nowhere.
It was then Lewis realized his deteriorating eyesight would soon end his days behind the wheel. Now 53 and legally blind, the prospect of fully autonomous vehicles gives him hope of returning to the road on his own. Continue reading
Fraudulent auto claims are on the rise and will continue to escalate. The perpetrators are just as dangerous as a thief with a gun. WHY? Because a vehicle is a weapon and could injure or kill the driver and passengers in the vehicle. Continue reading
“We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal permits necessary to build a highway. The chart outlined 16 different approvals, 29 statutes and five executive orders that apply to a single project. He highlighted that infrastructure approvals are a 10- to 20-year process and cost hundreds of millions of dollars. Continue reading
On July 1, Nevada locals and tourists visiting from out of state waited hours in line in triple-digit temperatures to become the first in the state to purchase legal recreational marijuana.
Less than two weeks later, the 47 retailers licensed to sell the drug are running out of supply. Continue reading
Loss ratios and operating ratios for the U.S. private passenger nonstandard auto insurance market fell to their worst levels in a decade, according to a report from A.M. Best.
The results for the population of insurers studied in this report have been deteriorating for a decade, but more so in the past two years. Continue reading
More and more Americans are spending their golden years on the job.
Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on Friday. The age group’s employment/population ratio hasn’t been higher in 55 years, before American retirees won better health care and Social Security benefits starting in the late 1960s. Continue reading
When the Affordable Care Act went into effect, it guaranteed that everyone who applied for individual health insurance would be approved for and enrolled in coverage. However, to prevent people from signing up for insurance only when they get sick, the ACA restricted enrollment to specific open enrollment periods—typically a period of three months from November to January. Continue reading
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. Continue reading
