News from 2024
Flying Food Group partners with Hainan Airlines to launch direct flights between Seattle and Beijing
By Business Daily | Apr 24, 2024
Flying Food Group SEA has unveiled a partnership with Hainan Airlines to facilitate direct flights between Seattle-Tacoma International Airport and Beijing Capital International Airport. The service, which commenced this month, operates thrice weekly.
By Business Daily | Apr 24, 2024
Progressive Corp.'s personal lines business has reported a combined ratio of 84.5% in the first quarter, significantly below management's 96% target and marking the lowest such result for the segment in a first quarter since 2004. This follows an unexpected downturn in underwriting results from March 2023, which led Progressive to reduce its expansion pace, including cutting back on advertising expenditure.
By J. D. Suayan | Apr 24, 2024
Nationwide, a leading provider of pet insurance, has conducted an analysis of its database to identify the most common medical conditions that prompt veterinary visits. The company's database comprises more than 1.2 million insured pets, and the study was aimed at helping pet owners understand and prepare for the costs associated with these common conditions.
By Business Daily | Apr 24, 2024
A Catastrophe Response Unit (CRU) is being deployed to Rock Hill, SC, to setup a temporary drive-in for vehicle damage assessment and will offer appointments every 30 minutes. This initiative aims to streamline the assessment process for customers affected by recent events in the area.Customers who have already filed a claim and wish to schedule a drive-in appointment can contact their claim representative to discuss inspection options. This personalized approach ensures that individuals can easily access the support they need during this challenging time."Our Claims...
By M. N. Tirado | Apr 23, 2024
Bankrate has reported that drivers in Nevada are paying an average of $973 per year for minimum coverage auto insurance and $2,779 for full coverage. These rates are significantly higher than the national average, which stands at $2,014 annually for full coverage and $622 for minimum.
By Business Daily | Apr 23, 2024
Graystone Consulting, a business of Morgan Stanley, has once again been recognized for its excellence in the financial services industry. The company announced that it has been named a Quality Leader for the third consecutive year by Coalition Greenwich in Overall U.S. Investment Consulting among large consultants.Jeremy France, Head of Institutional Consulting Solutions at Morgan Stanley, expressed his pride in the achievement, stating, “Our clients are at the heart of Graystone, and we focus on bringing them the best of what our organization offers – boutique-level...
By Business Daily | Apr 23, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced the recognition of the 2023 T.H.R.I.V.E. Emerging Leaders Reimagined cohort winners in Seattle and North Metro Puerto Rico. Guzman emphasized the Biden-Harris Administration's commitment to supporting small businesses through initiatives like the T.H.R.I.V.E. program, stating, "T.H.R.I.V.E. trainers play a crucial role in developing a robust network of trusted advisors and peer support networks across the country."The T.H.R.I.V.E. program, which stands for Train. Hope....
By Business Daily | Apr 23, 2024
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage One, with each recipient receiving $50,000 in prize awards. Administrator Isabel Casillas Guzman highlighted the significance of these winners in fostering innovation and supporting small businesses, stating, "SBA’s Growth Accelerator Fund Competition Stage One winners join the SBA’s incredible network of entrepreneurial support organizations contributing to America’s innovative startup ecosystem."The competition focused on three theme areas:...
By Business Daily | Apr 23, 2024
The Linden neighborhood in Columbus, Ohio, is set to undergo a transformation with the remodeling of the Columbus Metropolitan Library’s (CML) Linden Branch. The project, which will more than double the size of the current library branch, kicked off with a ceremonial "wall breaking" event on April 17, 2024.Ralph Carter, the founder of We Are Linden, a non-profit organization dedicated to empowering the community, expressed his enthusiasm for the project, stating, “It’s going to be a great thing. We need places like this as a safe haven. That’s one of the biggest things...
By Business Daily | Apr 23, 2024
The first quarter of 2024 is projected to bring growth in earnings for the majority of US life insurers, both on a year-over-year and sequential basis. Analyst estimates compiled by S&P Global Market Intelligence indicate that out of 15 publicly traded US life insurers, 12 are expected to record year-over-year increases in first-quarter earnings. The same group is also anticipated to perform better sequentially, with eight projected to have higher earnings in Q1 2024 than in the preceding quarter.
By Business Daily | Apr 22, 2024
Flying Food Group has announced their annual donations to One Tree Planted will be directed specifically towards areas impacted by wildfires.
By Business Daily | Apr 22, 2024
Nationwide Chief Innovation and Digital Officer Chetan Kandhari recently addressed the key questions surrounding innovation in the insurance industry. In a podcast episode titled "The Future of Insurance," Kandhari pondered, "How does a Fortune 100 company innovate in a highly regulated industry? And where, and where doesn’t it, make sense to implement generative artificial intelligence?"Kandhari's insights shed light on Nationwide's strategic approach to innovation in an industry known for its stringent regulations and traditional practices. The discussion delved into...
By Business Daily | Apr 22, 2024
The Resilient Waters Fund team from the University of Utah's David Eccles School of Business emerged as the winners of the 14th annual Kellogg-Morgan Stanley Sustainable Investing Challenge. Their proposal to save Utah's Great Salt Lake earned them the top prize of $10,000. The fund aims to protect the Great Salt Lake by catalyzing funds through a creative land trust mechanism, promoting irrigation efficiency, responsible cropping, and water savings.Jessica Alsford, Morgan Stanley’s Chief Sustainability Officer and CEO of the Institute for Sustainable Investing,...
By Business Daily | Apr 22, 2024
Goldman Sachs' HBCU Market Madness competition concluded with Spelman College emerging victorious for the third time in four years, securing a $1 million grant. The event, which is part of the firm's HBCU Possibilities Program, saw finalists from Delaware State University, Florida A&M University, Howard University, and Spelman College present case studies to top Goldman Sachs and Nike executives.Megan Hogan, Goldman Sachs' global head of Talent and chief diversity officer, expressed admiration for the talent showcased by HBCU students during the competition, stating, "The...
By Business Daily | Apr 19, 2024
Matt Ghanem, the founder of National Breathe Free Sinus and Allergy, underscored his organization's commitment to the C4 Foundation, an organization that supports Navy SEALs and their families. Ghanem made his statement to Business Daily on April 3.
By A. D. Bamburg | Apr 19, 2024
The Consumer Price Index (CPI-U) for the New York-Newark-Jersey City region rose by 0.4% in March 2024, reflecting a 3.4% increase over the past year, driven primarily by higher costs for shelter and energy, as reported by the U.S. Bureau of Labor Statistics (BLS).
By Business Daily | Apr 19, 2024
Shares in The Travelers Cos. Inc. experienced a dip this week following the release of first-quarter earnings that revealed unexpectedly high catastrophe losses, contrasting with other sector heavyweights. The insurer reported a first-quarter net income of $1.12 billion, an increase from $975 million during the same period in 2023. However, catastrophe losses also escalated due to severe wind and hailstorms in the central and eastern regions of the US, reaching $712 million pretax, up from $535 million in 2023.
By Business Daily | Apr 19, 2024
The global shipping industry is likely to experience a significant increase in freight, insurance, and crew wages in the near term due to Israel's retaliatory missile attack on Iran. However, ongoing loadings are expected to continue as usual, according to market participants on April 19.
By Business Daily | Apr 18, 2024
Enclave, an urban co-working space organization, announced the opening of a new location in Barrington, Illinois.
By M. N. Tirado | Apr 18, 2024
The American Tort Reform Association (ATRA) has recently published two reports examining the political donations and advertising of Nevada trial lawyers. The results of these studies offer insights into how these legal professionals influence politics and public opinion in the state.