Social media and mobile commerce are becoming increasingly popular among business owners and insurance agents are being advised not to miss the lesson that has been learned by more than half of all business owners already. According to a survey called SB Authority Market Sentiment Survey, performed by Newtek Business Services, The Small Business Authority, which has more than 100,000 business accounts in its portfolio – 2,200 of which were polled – 57 percent of business owners are already working to bring in new customers through the use of social…
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Report shows that social media is beginning to play a bigger role in insurance
Social media is continuing to play a growing role in the insurance industry. The practice of scouring a consumer’s Facebook or Twitter page is already being used by many insurance investigators in the country, but the process may soon become automatic, making social media data a major factor in determining the outcome of claims and the price of insurance coverage. Making the matter more alluring for insurers is the fact that regulatiors throughout the nation have not yet established guidelines on how social media data can be used in terms…
Read MoreInternet privacy may be costing people their jobs, according to National Labor Relations Board
Facebook’s shifting privacy policies are making it increasingly difficult to keep track of Internet privacy. With social media beginning to play a much larger role in the business world, companies have been struggling to maintain a balance on how much freedom their employees are given when it comes to sharing information via Facebook and Twitter. Most companies have social media policies in place, but the majority of these policies are ambiguous at best. Confusion regarding these policies has led some companies into trouble with the law and could have dramatic…
Read MoreVirginia earthquake raises questions regarding the importance of insurance coverage
A 5.8 magnitude earthquake struck the heart of Virginia Tuesday, sending ripples throughout much of the Eastern U.S. Tremors could be felt as far as 100 miles away from the quake’s epicenter in Mineral, Virginia. Residents of the East Coast, whom are unaccustomed to the ground beneath their feet shaking, flocked to Twitter and Facebook to document their experiences. Tremors reached New York City, causing mild panic among those that had never witnessed such an event. The quake took its toll in Virginia, but no inordinate amount of damage was…
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