DIRS.INFO The most relevant business & tech news

☆ Swiss Re names corporate solutions boss Berger as new CEO
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +2 min

The corporate logo of Swiss Re, the world's second-largest reinsurer, on the outside of the company offices April 22, 2003 in Munich, Germany. Reinsurance company Swiss Re said on Wednesday it would appoint its corporate solutions boss Andreas Berger as its group chief executive from July, replacing long-serving CEO Christian Mumenthaler. De Vaucleroy said Berger had a convincing track record, underscored by his leadership during the successful turnaround of the company's commercial business insurance arm, corporate solutions. In a research note, Foessmeier said Berger had built an impressive track record at corporate solutions, adding: "Reinsurance is currently the sweet spot in the sector, for Andreas Berger the key will be execution. Rwanda-born Berger, 57, is a German national who joined Swiss Re in March 2019 as CEO of corporate solutions and a member of the group executive committee, the company said.

Persons: Andreas Berger, Christian Mumenthaler, Jacques de Vaucleroy, De Vaucleroy, Berger, Simon Foessmeier, Foessmeier Organizations: Swiss, Swiss Re Locations: Munich, Germany, Rwanda, German

☆ The marine insurance industry is bracing for huge claims from the Baltimore bridge disaster
▼ + stars: | 2024-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Huge insurance claims are expected after the Dali collided with a major bridge on Tuesday. The claims could be on par with the $1.5 billion from the Costa Concordia disaster, an expert told Insurance Business. AdvertisementThe marine insurance industry is bracing for huge claims from Tuesday's Baltimore bridge disaster. AdvertisementThe marine insurance and reinsurance markets are likely to foot most of the bills, S&P Global reported on Tuesday. The Baltimore bridge itself is insured by insurance giant Chubb, per Insurance Insider.

Persons: Dali, —, Francis Scott Key, John Miklus, Miklus, Costa Concordia's, You've, Cintia Nazima, Chubb, SCOR Organizations: Business, Insurance, Service, American Institute of Marine Underwriters, Costa Concordia, Maryland Transportation Authority, Wall, P Global, Britannia Locations: Costa Concordia, Tuesday's Baltimore, Costa, Italy, Baltimore, Dali's Baltimore, Britannia, London, Suez

Adding insurance coverage was cheaper than I expected and is worth the peace of mind. When I decided to start Posh&Page, my vintage shop side business, small business insurance was the last thing on my mind. Which is to say, my vintage shop goods were taking over my little cottage of a home. Find the Best Business Insurance for You Meet Simply Business. That was when I learned that while the company will cover personal belongings, it won't cover business items without additional home business pursuits coverage.

Persons: —, I'd Organizations: Service, Business Insurance, Farmers

To help future-proof emergency spending, I realized I might need insurance coverage. First is general liability coverage, which safeguards your business in the event someone makes a claim against you or your business. BOP also includes property coverage, which helps protect business property you own, lease or rent, including your buildings, equipment, furniture, and inventory. Find the Best Business Insurance for You Meet Simply Business. "In the event that a work-related injury or illness should occur, workers' compensation coverage helps provide protection for you and your employees," he said.

Persons: I've, Matthew Richards, Richards Organizations: Travelers Insurance, Business Insurance, Workers Locations: New York

And when I ran a business selling at craft fairs several years ago, I had liability insurance to protect my business and customers. Check your business insurance rates with top providers through Simply Business. Another way to look at small business insurance is as a stepping stone to a bigger business. Another factor affecting the decision to carry small business insurance is what I stand to lose. If a lawsuit could endanger the home I share with my wife, business insurance might be worth it to protect that investment.

Persons: there's, I've, I'm Organizations: Simply, Insurance Locations: Hayward, California

☆ Business Insurance Roiled by Climate, Inflation
▼ + stars: | 2023-07-10 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/business-insurance-roiled-by-climate-inflation-205049df

Persons: Dow Jones

General liability insurance covers a wide variety of events that could harm my small business. See Insider's picks for the best life insurance companies »It provides broad financial protectionProfessional liability insurance is geared toward people who provide services. General liability insurance can protect against these events:Bodily injury: Suppose you host an event or have a brick-or-mortar store. In that case, general liability coverage can help pay to repair or replace someone else's damaged items or property. Should I host in-person workshops or events, general liability insurance can cover medical or legal bills if someone gets hurt during an event.

Persons: —, I'm, creatives, Chubb Organizations: Service Locations: begrudgingly

☆ The $787.5 million settlement Fox has to pay is a big nut. But Fox's net cost for that will be much less.
▼ + stars: | 2023-04-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

Here’s why:Settlement payments are tax deductible if the company pays out of pocket. The corporate income tax is also about dollars and cents, not about judging behavior that led to the business expense in the first place. “Our income tax measures income, not probity,” said business tax expert Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center. In addition, “Fox also may deduct their settlement payments for state and local income tax purposes,” Rosenthal noted. If Fox pays for an insurance policy that it expects will reimburse it for its settlement costs, then it may not deduct the cost of the settlement payment.

☆ These are the 9 most expensive states to start a business—No. 1 isn't New York
▼ + stars: | 2023-04-13 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Louisiana, the ranking's third-most expensive state, has the least amount of commercial space available per 100,000 people of any state. It also has a relative dearth of available talent: Louisiana is bottom three among all U.S. states in terms of labor force participation rate, at 69.2%, and only 26.4% of its post-college-age workers have at least a bachelor's degree. And the state's business environment appears to leave something to be desired. Its business survival rate of 0.54 is the country's fifth-worst, according to 2021 data from the U.S. Bureau of Labor Statistics. Something like labor force participation rate may be less obvious: Having a large population of eligible workers at your disposal can save you time and money when recruiting new employees.

☆ These are the 9 least expensive states to start a business—none of them are in the northeast
▼ + stars: | 2023-04-12 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Nevada tops this ranking as the least expensive U.S. state to start a small business, due to factors like an abundance of available commercial space and the state's lack of corporate income tax. Small business loans were also widely available in those two states in 2020, the most recent year with complete Small Business Administration data. Arkansas small businesses received nearly $43 million in loans per 100,000 residents that year, the sixth-highest of any state. Some states offer tax credits for businesses in specific industries, which could help some startups and not others. "For entrepreneurs who have the ability to pick and choose where they want to start their business, it's clear that certain states will allow you to save money," the ranking noted.

☆ Insurers Say Cyberattack That Hit Merck Was Warlike Act, Not Covered
▼ + stars: | 2023-02-08 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

The Merck case has attracted attention, and not just for the amount at stake or because it touches on cyberattacks, a growing risk to businesses of all sizes. “The United States didn’t say ‘NotPetya is an act of war against the United States and we’re going to launch a military response,’” Mr. Mosier said. The insurers appealed after a lower court judge sided with Merck in 2021. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWMore broadly, APCIA argued that a win for Merck could jeopardize other similar exclusions that insurers rely on when drafting policies.

☆ These midcap stocks are cheap and expected to see booming earnings growth in 2023
▼ + stars: | 2023-01-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

In a year when corporate earnings are broadly expected to deteriorate , some midcap names with cheap valuations are forecast to see strong earnings growth. However, the blended S & P earnings decline for the fourth-quarter is -5%, per FactSet. Midcap stocks are faring slightly better, with the S & P 400 MidCap up nearly 8% year to date. Each is also expected to post earnings growth of at least 20%, per FactSet. Earnings growth at $8.3 billion market cap company is expected to expand by nearly 32% and it has a P/E of 10.4.

☆ I asked ChatGPT for business advice and it's not a bad starting point if you have no idea where to begin
▼ + stars: | 2023-01-17 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

I asked the artificial-intelligence tool ChatGPT to help me start a business. Create a business plan: Develop a detailed business plan that includes financial projections, marketing strategy, and a plan for setting up your business. Develop a marketing plan: Develop a marketing plan that outlines how you will reach your target market and promote your business. Launch your business: Launch your business, and be prepared to adapt your business plan as you learn more about the market and your customers. In conclusion, ChatGPT is not a great source for answers to your deepest business questions, but it could be a helpful starting point to gather ideas, get cost estimates, and outline your business plan.

☆ I asked ChatGPT how to start a business and it gave me 8 steps that weren't that helpful
▼ + stars: | 2023-01-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

When I asked ChatGPT how to start a business, it gave me the following eight generic steps:Starting a business can be a challenging but rewarding process. Create a business plan: Develop a detailed business plan that includes financial projections, marketing strategy, and a plan for setting up your business. Develop a marketing plan: Develop a marketing plan that outlines how you will reach your target market and promote your business. Launch your business: Launch your business, and be prepared to adapt your business plan as you learn more about the market and your customers. ChatGPTAfter asking the chatbot how to start a business, I tried more specific questions, like "How do I start a vending-machine business?"

☆ The Fleurty Girl of New Orleans
▼ + stars: | 2022-12-05 | by ( Sponsor Post | Sponsored State Farm | ) www.businessinsider.com time to read: +5 min

LLauren LeBlanc Haydel founded Fleurty Girl in 2009 with a $2,000 tax refund and a vision for a different life. "I realized I'm going to start a t-shirt line about New Orleans and feminine cut t-shirts, and it's going to be called Fleurty Girl," Haydel said. Fleurty Girl / GettyBut it isn't just that leap of faith to which she attributes her early success. GettyThe exposure from the cease-and-desist letter gave Fleurty Girl the buzz it needed because locals ate up her merchandise, and wanted more. Fleurty Girl / GettyToday, Fleurty Girl has nine stores, including one online, that sells carefully curated products like socks, jewelry, shoes – and yes, t-shirts – from local and internationally loved brands.

☆ 7 steps to launch your small business and begin a career as your own boss
▼ + stars: | 2022-11-30 | by ( Sponsor Post | Created Insider Studios With State Farm | ) www.businessinsider.com time to read: +4 min

Create a detailed business planWhile not necessary, having a full-fledged business plan in place can be useful, especially if you intend to seek funding for your business. Usually, a business plan includes, but is not limited to:Your company nameAn executive business summaryOperations and managementMarketing and sales strategyFinancial projections3. Register and protect your businessOnce the company's name, location, and business structure are determined, you may consider registering your business. Doing so allows you to access legal benefits, tax benefits, and business insurance, like State Farm's Business Owners Policy, which can help protect your operations from unforeseen events. Learn more about how State Farm small business insurance coverage options can help your business thrive.

☆ 5 things to keep in mind about running a small business
▼ + stars: | 2022-11-16 | by ( Sponsor Post | Created Insider Studios With State Farm | ) www.businessinsider.com time to read: +3 min

From 2019 to 2020, small business applications in the US increased to 24.2%. Running a small business takes determination, dedication, and time to come out on top. Here are a few tips to help business owners stay on course — no matter what the world throws their way. Stay on top of legal requirementsFor any small business, legal requirements can be tedious, but these processes are important to running a business. Learn more about how State Farm small business insurance coverage options can help your business thrive.

☆ This 32-year-old was incarcerated as a teen—now he brings in over $150,000 a year: 'Your past does not define your future'
▼ + stars: | 2022-11-11 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +9 min

John Luna | CNBC Make ItBut the road to earning six figures wasn't a smooth one for Mckenzie. John Luna | CNBC Make ItMckenzie also earned his GED during his time in prison and had dreams of becoming an educator. When he was incarcerated, Mckenzie found peace through cleaning. John Luna | CNBC Make ItStable housing is also key to helping formerly incarcerated people reenter society, Mckenzie says. John Luna | CNBC Make ItMckenzie also prefers to use cash to pay for most things, which is why he makes so many ATM withdrawals.

☆ I was traumatized by a leaky roof in an old apartment, so when it happened in my home I was beyond relieved to have insurance that covered it
▼ + stars: | 2022-11-04 | by ( Mandy Shunnarah | Read More | Read Less | ) www.businessinsider.com time to read: +7 min

When my partner and I finally moved, we found an amazing home — but the roof was 25 years old. It leaked within six months, but our homeowners insurance covered the bulk of the bill. It had been lovingly tended; the inspector even said he'd never seen a house this old in this good shape. It was a stressful month of waiting, but in the end, Farmers homeowners insurance saved our tails — and our sanity. Insider's Featured Homeowner Insurance Companies Lemonade Homeowners InsuranceAllstate Homeowners InsuranceNationwide Homeowners Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

☆ Karn Saroya's Web3 seed startup is creating a version of Lloyds of London for crypto. It was just valued at $100 million.
▼ + stars: | 2022-09-28 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.

Business credit scores are based on underlying business credit reports that track loans, credit lines, business credit cards, and other business borrowing activity to help lenders and business partners understand how risky the underlying business is when it comes to credit. Just like there are three credit bureaus that track consumer credit scores, there are multiple companies that track business credit scores. Here are some of the major business credit score models you may come across:Dun & Bradstreet PAYDEX: The PAYDEX score from Dun & Bradstreet is one of the best-known business credit scores. How to find your business credit scoreBusiness owners can tap into both free and paid services to get access to business credit information. Free business credit scoresNav: Nav offers free business credit scores and reports with a paid subscription available that includes additional reports.

Search resuls for: "Business Insurance"

21 mentions found