Dixie Alley sees greater risk as more tornadic activity moves east | Commentary: Middle-market insurers can grow via bundling, partnerships | Firms told to halt Calif. fire cleanup work amid workers' comp allegations
Tornadic activity has decline in Tornado Alley but has risen in Dixie Alley, which includes Alabama and Tennessee, during the past three decades, researchers say. Tornadic activity appears to be shifting eastward, with places such as Joplin, Mo., on guard after a catastrophic tornado in recent years and a January tornado in a nearby community.
Middle-market commercial insurers can develop a "more comprehensive business-support ecosystem" that includes collaboration with third parties as well as bundling of insurance and noninsurance services, say Sam Friedman, Michelle Canaan and Nikhil Gokhale of the Deloitte Center for Financial Services. Carriers making such transitions, however, "will most likely need to get their agents and brokers solidly on board," they write.
Officials have told five companies involved in wildfire cleanup efforts in California's Ventura County to put their work on hold after investigators accused the contractors of workers' compensation violations. The county district attorney says the five companies either lacked proper insurance coverage or a license for the work.
A wildfire expanded to 900 acres in Inyo County, Calif., on Sunday, prompting officials to evacuate as many as 200 people from nearby communities and campsites. The wind-driven wildfire has forced part of Highway 6 to close and put the historical Laws Railroad Museum at risk.
Legislation filed in Indiana would establish safety standards for self-driving vehicles until federal safety rules are adopted. The bill would set insurance and registration requirements and hold manufacturers liable if an autonomous vehicle ran multiple red lights.