Insurance
Top stories summarized by our editors
7/20/2018

A study by the National Institute for Occupational Safety and Health found black lung disease in more than 10% of US coal miners with at least a quarter-century of experience, a rate that is the highest on record in about two decades. Standards introduced in 2014 curtailed the allowable level of miner exposure to coal dust, and "[e]nhancement and diligent enforcement" of the tougher standards are "critical for reversing these trends," the study's authors write.

Full Story:
Reuters
7/20/2018

Officials say severe weather on Thursday likely caused a tourist boat on a Branson, Mo., lake to capsize and sink, leaving at least 13 people dead -- including children -- while divers are searching for missing people and seven others were injured. The watercraft involved is a duck boat, which also can travel on land, and previous fatal incidents have prompted advocates to push to improve the safety of such boats.

Full Story:
The Associated Press, CNN
7/20/2018

The second quarter's 135 merger-and-acquisition transactions among brokers and agencies represented the second greatest Q2 total in the past decade, despite falling 8.2% compared with Q2 2017, Optis Partners says in a report. The first half's 280 transactions were down 15.9% compared with the same period in 2017, but still amounted to the second highest first-half total in the past 10 years, the report says.

More Summaries:
Optis Partners
7/20/2018

More than two dozen reports of tornadoes emerged in Iowa on Thursday, as people were injured and homes and commercial property were damaged. The National Weather Service will assess the damage and determine the actual number of tornadoes that formed.

Full Story:
CNN
More Summaries:
National Weather Service
7/20/2018

A steam pipe that exploded in New York City on Thursday emitted asbestos within the smoke and debris it generated, officials said. The rupture prompted the evacuation of 49 buildings and caused minor injuries to five people, and the mayor's press office said about 500 people were displaced, with utility Con Edison expected to cover hotel accommodations for those affected.

More Summaries:
Con Edison
7/20/2018

A wildfire 85 miles east of Portland, Ore., has killed one person as it has burned nearly 80 square miles of wheat fields and grasslands. Farmers are working to help firefighters save crops from the fire, which is the biggest among the more than 200 in Oregon.

Full Story:
The Associated Press
7/20/2018

NAIFA is among groups that oppose state-run individual retirement account plans for companies that don't offer their own employee retirement plans, with Gary Sanders, NAIFA's vice president of government relations, saying its members "don't see any reason, quite frankly, to compete with the state." So far, only Oregon has rolled out a state-run IRA, but nine other states and Seattle have approved legislation authorizing the plans.

More Summaries:
NAIFA, Gary Sanders
7/20/2018

Some common myths about term and permanent life insurance have been pushed on consumers, writes Erica Davis of United Life. Among them, she cites the beliefs that term insurance is the best coverage for everyone to have and that permanent life insurance is a rip-off.

7/20/2018

A survey from Spectrem showed only 30.2% of people are putting new money in the stock market this month, down from about 34.1% last month, which appears to be due in part to trade concerns. "Until markets have greater clarity on the issue of trade barriers, investors will respond to that uncertainty by pulling back," says Spectrem President George Walper Jr.

Full Story:
Advisor News
More Summaries:
Spectrem
7/20/2018

AARP has encouraged its members to comment on the Securities and Exchange Commission's proposed Regulation Best Interest rule. A majority of the comments on the website, which number in the thousands, appear to be from AARP members because they use talking points from a consumer call to action issued by the organization.

Full Story:
Advisor News