Adella Miesner

Micro insurance company’s evacuation insurance against disasters

Insuring against natural disasters such as hurricanes are a standard insurance product and they help individuals and businesses worldwide recover post-disaster, but what about before the disaster? Can insurance help people before the disaster has occurred? Can insurance save lives and become prevention and a cure? The Micro Insurance Company (MIC), who is the digital insurance safety net for millions around the world, have an answer. This is exactly what the Micro Insurance Company have done. MIC has designed an evacuation product that will 1) help people move away from the disaster zone before it’s too late 2) help those bounce back after the disaster, and 3) save lives in the process.

Evacuation from an impending storm or any other event is a real dilemma for many people. The final decision on what to do is usually influenced by many factors: Family, business, pets, livestock, parents, children, commitments, history all

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Lakshmi Vilas Bank share price rallies 10% on completion of due diligence for Clix group merger

a sign above a store

© Provided by The Financial Express

Lakshmi Vilas Bank share price was locked in 10 per cent upper circuit at Rs 22.35 apiece on BSE after the bank informed that the mutual due diligence for the merger with Clix Group was substantially complete. The bank informed that under the non-binding letter of intent (LOI), the proposed amalgamation of Clix Group with Lakshmi Vilas Bank is subject to completion of mutual due-diligence, regulatory and other customary approvals. “The mutual due diligence is substantially complete, and the parties are in discussions on the next steps,” it said. In a span of five and a half months, Lakshmi Vilas Bank shares have rallied 114 per cent from Rs 10.45 per share.

Earlier this month, the cash-starved bank announced plans to raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding to up to 74 per cent. The bank said

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Accounting & Finance jobs in Middle East

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  • Engage actively in promoting the growth of the Accounting program and the College of Business & Economics (CBE) at UAE University.

  • The Department of Economics and Finance at the College of Business and Economics at

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With Lemonade, There’s No Reason Not to Have Insurance

a screenshot of a cell phone on a table: mobile phone screen displaying lemonade (LMND) website

© Source: Piotr Swat /
mobile phone screen displaying lemonade (LMND) website

Billed as the new way of buying insurance protection, Lemonade (NYSE:LMND) is completely overturning the old guard of a rather stale industry. Thanks to its user-friendly app featuring “Maya,” an artificial intelligence bot, prospective buyers can within minutes receive a custom-tailored proposal. With Lemonade, there is no complicated paperwork to file through, making it perfect for millennials. Not surprisingly, LMND stock was one of the breakout stars among initial public offerings this year.

a screenshot of a cell phone on a table: mobile phone screen displaying lemonade (LMND) website

© Provided by InvestorPlace
mobile phone screen displaying lemonade (LMND) website

While the concept sounds almost too simplistic, Lemonade is easily one of the most effective technology firms by focusing on what works. As you know, millennials are on their phone 24/7. Thus, it only makes sense to meet your key customers where they are; in this case, online via a smartphone

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TSB is no longer the bank that likes to say yes

Badge of shame: How TSB’s famous slogan seems now

TSB once boasted that it was ‘the bank that likes to say yes’ – but it is now blowing a rude raspberry ‘no’ in the face of customers wanting to be served at its branch counters. The bank has started pulling down the shutters at 14 of its high street branch counters at two o’clock in the afternoon. 

Customers coming in after this time will be asked to undergo what’s bafflingly titled a ‘digitally up-skill’ lesson rather than getting the counter service that they came in for. 

In other words, they will be encouraged to bank online. 

The move has been described by the banking expert Derek French as ‘cynical’. Last week, the former bank manager and founder of the Campaign for Community Banking Services, told The Mail on Sunday: ‘Limiting counter opening hours is a backdoor way of whittling away

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This and 15 More Seasonal Jobs

If you’re looking for a side gig or a seasonal full-time job, you’re in luck — thanks to Halloween and Christmas, many retailers and seasonal businesses are in need of extra employees during the fall and winter months.

UPS is planning to hire an additional 100,000 workers for the holiday season in anticipation of a surge in e-commerce sales due to the pandemic, Forbes reported. In addition, FedEx is reportedly looking to hire 70,000 seasonal workers. And many retailers are hiring more employees to work in their online distribution centers.

Although you might not be able to work these positions full time, the salary for one season can be lucrative enough to warrant the time and effort — and can be especially helpful if you’re one of the millions of Americans who lost their job due to the coronavirus. With all of these gigs, you can easily rack up cash

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Two Hole-in-One Insurance Programs to Become One

American Hole ‘n One, a provider of hole in one coverage, announced it will combine its operations with its sister company, National Hole-In-One.

American Hole ‘n One acquired National Hole-In-One in 2014 and has been operating the two companies separately for the past six years.

The newly merged organization will operate as American Hole ‘n One and maintain its existing management team, with Rick Ruiz continuing as president and chief executive officer. The company will continue to be based in Buford, Georgia.

“Joining the two as one will help streamline many of our processes and will help our team work more efficiently,” said Steve Marcil, chief operating officer of American Hole ‘n One.

Customer service representatives with National Hole-In-One will now join the service team at American Hole ‘n One.

AHNO has been owned since 2017 by Distinguished, a New York, N.Y.-based program manager.

AHNO’s prize indemnity coverage is backed

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Bank of America, JPMorgan Win $900 Million of MTA Debt

(Bloomberg) — Bank of America Corp. and JPMorgan Chase & Co. were the winning bidders on $900 million of New York Metropolitan Transportation Authority debt to finance subway, bus and commuter-rail capital projects as the transit agency seeks federal aid to avoid major service cutbacks.

a group of people sitting in a chair: Commuters ride a subway from the Marcy Avenue subway station during morning rush hour in the Brooklyn borough of New York on June 22.

© Bloomberg
Commuters ride a subway from the Marcy Avenue subway station during morning rush hour in the Brooklyn borough of New York on June 22.

The sale shows the MTA, the largest mass-transit system in the U.S., can raise capital in the tax-exempt bond market even as revenue is down 40% and pre-coronavirus ridership may not return until almost 2023. MTA divided the debt sale into three groups, based on maturities, with each batch receiving eight bids, according to Aaron Donovan, a spokesperson for the agency. The all-in true interest cost for the sale was 4.49%, according to Donovan.


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Sitharaman Holding Review Meeting With Heads of Banks, NBFCs on Loan Recast

Nirmala Sitharaman in a blue shirt

© Shubhangi Gupta | Business Desk

New Delhi: Finance minister Nirmala Sitharaman is currently holding a review meeting with heads of banks and NBFCs for smooth and speedy implementation of the one-time debt recast for resolution of COVID-related stress in bank loans. As per sources, the progress of Emergency Credit Line Guarantee Scheme (ECLGS) and Credit Guarantee Scheme for Subordinate Debt, among others, would be reviewed in the meeting. “The review (meeting) will focus on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation,” the finance ministry had said earlier this week. The Reserve Bank of India (RBI) last month permitted one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA). Banks are in the process of
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Baystate Business: Food, Markets, Politics (Radio)

Bloomberg Baystate Business for Tuesday, September 8th, 2020

– Boston Business Journal reporter Jessica Bartlett on how winter is coming for local breweries (3:58)

– Boston Globe business reporter Janelle Nanos on how food delivery services are pitching themselves as a Covid-safe way for people to eat lunch at the office (12:11)

– Massachusetts Restaurant Association President and CEO Bob Luz on the state of the local restaurant sector (17:37)

– Bloomberg News healthcare reporter Robert Langreth on the pledge by vaccine makers not to rush a vaccine under political pressure (30:30)

– Bloomberg News markets reporter Kriti Gupta on the day in the markets (37:23)

– Aaron Jodka, Research Director of Colliers International, on the increase in empty commercial rental space in the Boston area (52:15)

– Janet Wu’s report on the Covid rapid-testing XPRIZE Foundation competition (1:02:51)

– Suffolk University pollster David Paleologos on the Michelle Wu bid

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