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
February 19, 2018
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Dixie Alley sees greater risk as more tornadic activity moves east
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.
The Joplin Globe (Mo.) (tiered subscription model) (2/18) 
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Webinar: Tales From The Fraud Triangle.
"The Fraud Triangle" is a free webinar presented by the UNC Master of Accounting Program. Join us as we analyze the dark world of financial fraud, including a scandal involving a former Navy SEAL trained in the art of interrogation tactics.
Industry News
Commentary: Middle-market insurers can grow via bundling, partnerships
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.
Deloitte Insights (2/13) 
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Firms told to halt Calif. fire cleanup work amid workers' comp allegations
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.
Business Insurance (tiered subscription model) (2/16) 
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Catastrophic Risk
Officials order evacuations as Calif. wildfire grows to 900 acres
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.
The San Diego Union-Tribune (tiered subscription model) (2/18) 
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Storm drops snow on areas from Mid-Atlantic through Boston
Parts of the Mid-Atlantic and Northeast experienced snow totals from moderate to heavy as a winter storm moved through the regions over the weekend. Some locations received more than 9 inches of snow.
Weather (2/18) 
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Intel faces class-action suits related to Spectre, Meltdown
Intel is facing 30 class-action consumer lawsuits related to the Spectre and Meltdown flaws in the company's microchips. The company also faces two lawsuits alleging violations of securities laws.
Reuters (2/16) 
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Policy and Law
Bill would set autonomous-vehicle safety measures in Ind.
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.
Post-Tribune (Merrillville, Ind.) (2/17) 
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I hope I shall always possess firmness and virtue enough to maintain what I consider the most enviable of all titles, the character of an honest man.
George Washington,
first US president
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