Finance has always been a substantial part of business operations. It is safe to say that the key to running a successful business lies in how organized finances are in place. Sound financial management is necessary for sustainability, profitability, consistency, and long-term growth in this competitive and demanding realm. Companies that keep tabs on business finances from the very beginning can save themselves from hassle, time, money, and efforts down the road. Unfortunately, companies have to face economic turmoil when they fail to receive the inflow of money at the…
Read MoreTag: COVID-19
Towards the renewal of the tourism industry – the changes that have taken place in the travel insurance post COVID-19
The sky is slowly opening up, with more and more countries agreeing to accept vaccinated tourists and among the things that have changed their face since the COVID-19 came into our lives, is the field of travel insurance. Just as there is the world before September 11, 2001 and after September 11, so now there is the world before the corona and the world after the corona. If flying a year and a half ago required of us a, b and c, then today in order to fly it requires a, b,…
Read MoreProgressive Insurance CMO Jeff Charney announces his retirement
Having been in the position since 2010, he expects his last day to be in January 2022. Progressive Insurance CMO Jeff Charney has announced that he will be retiring from his position at the company at the start of next year. Charney has been Chief Marketing Officer for the insurer since 2010 and is leaving time for a successor. The early announcement of the Progressive Insurance CMO is making it possible for the company to take its time to find the right successor for the job. Charney expects to retire…
Read MoreGEICO reports over 20 percent drop in property damage and collision claims last year
The auto insurer’s data showed its claims fell through the floor throughout the first year of the pandemic. In a recent statement from the company, GEICO shared data showing that its collision claim frequency fell by “twenty-three to twenty-four percent” and property damage dropped by even more. The dropping claims frequency during the pandemic’s first year led to far greater year-over-year profits. The onset of the COVID-19 crisis in 2020 vastly reduced the property damage and collision claims, allowing GEICO to more than double its profitability when compared to 2019.…
Read MoreLow independent film insurance availability due to COVID-19 causes struggles
Major insurers are unwilling to take on the risk of production delays and shutdowns in the pandemic. A lack of easy availability of independent film insurance amid the pandemic has added a new level of challenges to the substantial effort of lining up financing. Finding coverage to cover interruptions as a result of COVID-19 has become painful for these creators. The primary challenge with independent film insurance is that while major insurers are hesitant to sell it, lenders require it. It has made the situation difficult enough that many productions…
Read More