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Triple-I Stresses Preparedness for ‘Very Active’ 2024 Atlantic Hurricane Season

ST. JOHNS, Fla., May 3, 2024 – The Insurance Information Institute (Triple-I) is urging individuals in hurricane-prone areas to prepare for what is anticipated to be a busy 2024 Atlantic hurricane season. The season, projected to be "very active," is expected to bring significant challenges, as highlighted by Triple-I CEO Sean Kevelighan during National Hurricane Preparedness Week.Kevelighan emphasized the importance of financial protection and property resilience, stating, "During National Hurricane Preparedness Week, everyone who lives in a hurricane-prone community...

By Business Daily | May 3, 2024

Banking & Financial Services

When It Comes to Gas Prices, May Starts Off Meh

WASHINGTON, D.C. (May 2, 2024)—The national average for a gallon of gas waffled up and down over the past week before settling higher by two cents at $3.67. The slight increase in pump prices happened despite a lull in domestic gasoline demand and falling oil prices.According to Andrew Gross, a spokesperson for AAA, "From a demand perspective, we have entered the pre-Memorial Day funk." Gross also noted, "And the cost of a barrel of oil is nearly $10 less than two weeks ago, as oil prices have fallen into the upper $70s. This may keep pump prices somewhat flat for the...

By Business Daily | May 2, 2024

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Banking & Financial Services

The Allstate Corporation Releases First Quarter 2024 Financial Results

By Business Daily | May 1, 2024

The Allstate Corporation announced the availability of its first quarter 2024 results on May 1, 2024. According to a Form 8-K filed by the company, the financial results for the quarter ended March 31, 2024, are now public. The company's page at sec.gov and www.allstateinvestors.com provide access to the Form 8-K, earnings release, investor supplement, and press release.In a statement, the company highlighted that interested parties can visit www.allstateinvestors.com to access the materials related to the first quarter results. Additionally, The Allstate Corporation will...

Banking & Financial Services

Carlyle Reports First Quarter 2024 Financial Results

By Business Daily | May 1, 2024

New York and Washington, May 1, 2024 – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) released its unaudited financial results for the first quarter ended March 31, 2024. According to Carlyle Chief Executive Officer Harvey M. Schwartz, the first quarter results demonstrate the firm's ongoing positive momentum, highlighted by another record quarter of Fee Related Earnings. Schwartz stated, “This is the outcome of our efforts to invest for growth and drive shareholder value. Carlyle is well-positioned to capitalize on the steadily improving investment environment...

Banking & Financial Services

E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study

By Business Daily | May 1, 2024

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.E*TRADE from Morgan Stanley, a provider of financial services to retail customers, shared insights from its latest monthly sector rotation study. The study focuses on analyzing the buy/sell behavior of E*TRADE customers in stocks that make up the S&P 500 sectors.The findings of this study provide valuable information for investors looking to understand market...

Banking & Financial Services

New AAA Five Diamonds Shine with Style and Sophistication

By Business Daily | Apr 29, 2024

Two hotels and four restaurants have recently been added to AAA's prestigious Five Diamonds list. Among them are Emeril’s in New Orleans, Louisiana, Jungsik in New York, New York, Le Hatley Restaurant in North Hatley, Quebec, Canada, Mandarin Oriental Boston in Boston, Massachusetts, Mugen in Honolulu, Hawaii, and Raffles Boston, also located in Boston, Massachusetts.In a statement, AAA highlighted the significance of the Five Diamond designation, stating that they offer "ultimate luxury and leading-edge cuisine." This recognition is reserved for establishments that excel...

Banking & Financial Services

Struck by Lightning: How Businesses Can Become More Resilient – Triple-I and LPI

By Business Daily | Apr 29, 2024

Fires resulting from lightning strikes cause a significant portion of commercial property insurance claims in the United States. Tim Harger, executive director of the Lightning Protection Institute (LPI), emphasized the importance of protecting businesses from the destructive consequences of lightning strikes, stating, "The potential consequences, such as business interruption, loss of revenue, and damage to reputation, can be devastating." He highlighted the significance of investing in a lightning protection system to prevent business interruption and safeguard...

Banking & Financial Services

Nurturing the next generation: 79 agricultural teachers named Golden Owl Award® finalists

By Business Daily | Apr 29, 2024

Seventy-nine agricultural educators have been named finalists for the 2023-2024 Golden Owl Award, a prestigious recognition in the field of agricultural education. The finalists were selected from a pool of over 1,100 nominations across 11 states, including California, Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska, New York, Ohio, Pennsylvania, and South Dakota.According to Brad Liggett, president of Agribusiness at Nationwide, "As the need grows for more ag educators across the nation, we are proud to thank and honor these hardworking agricultural teachers for...

Banking & Financial Services

With May Approaching, Pump Prices Stick to the Slow Lane

By Business Daily | Apr 25, 2024

WASHINGTON, D.C. (April 25, 2024)—With domestic gasoline demand decidedly in the doldrums and the cost of oil retreating, the national average dipped two cents since last week to $3.65.Andrew Gross, spokesperson for AAA, noted, "Domestic gas demand is pretty pokey at the moment, which is often the case in the runup to Memorial Day and the traditional start of summer driving season."Gross also added, "The recent national average price of $3.67 could be the peak until hurricane season is well underway. But as always, the wildcard will be the cost of oil, so stay tuned."...

Banking & Financial Services

Fast on the Freeway Can Lead to Fury on the Side Streets

By Business Daily | Apr 25, 2024

Washington, DC (April 25, 2024) – Raising speed limits on highways could lead to more crashes on nearby roads, according to new research by the AAA Foundation for Traffic Safety. Dr. David Yang, president and executive director of the AAA Foundation, emphasized this point by stating, “Increasing posted speed limits on freeways may improve traffic flow but could also lead to safety concerns in adjacent communities once speeding drivers proceed to neighboring roadways.”The study conducted by AAA Foundation researchers focused on the impact of speed limit changes on...

Banking & Financial Services

Nationwide Launches Dynamic Default Feature to Accelerate Adoption of In-Plan Protected Retirement Solutions

By Business Daily | Apr 24, 2024

Nationwide has announced the launch of its Dynamic Default feature, aimed at speeding up the adoption of in-plan protected retirement solutions by allowing plan sponsors to automatically default participants into a protected retirement solution. Eric Stevenson, President of Nationwide Retirement Solutions, stated, "We’re really starting to see a lot more employers become more comfortable offering protected retirement solutions, and we believe offering them through dynamic default will be the next generation of retirement plan auto features."The implementation of the...

Banking & Financial Services

Morgan Stanley Names 10 Women and an Ally as their MAKERS Class of 2024

By Business Daily | Apr 24, 2024

Morgan Stanley Wealth Management has announced the 2024 MAKERS Class, a group of 11 outstanding professionals dedicated to advancing women and breaking barriers within the firm. Jed Finn, Head of Wealth Management at Morgan Stanley, expressed the importance of celebrating leaders committed to supporting women, mentoring, and driving positive change. He stated, "At Morgan Stanley, we believe it’s important to share and celebrate the stories of our leaders who are committed to advancing women, mentoring and breaking barriers. The MAKERS program, a powerful tradition at our...

Banking & Financial Services

Nationwide Catastrophe Response Unit Deployed to Rock Hill, SC for Vehicle Damage Assessment

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...

Banking & Financial Services

Nevada drivers pay above-average rates for auto insurance, Bankrate reports

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.

Banking & Financial Services

Graystone Consulting Receives Third Consecutive Quality Leader Designation from Coalition Greenwich

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...

Banking & Financial Services

Innovative spaces await: Linden Branch remodel is underway

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...

Banking & Financial Services

The Future of Insurance podcast: Chetan Kandhari

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...

Banking & Financial Services

Resilient Waters Fund Wins the 2024 Kellogg-Morgan Stanley Sustainable Investing Challenge

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,...

Banking & Financial Services

Nationwide Honors Innovators Behind 55 Patents and Counting

By Business Daily | Apr 18, 2024

Nationwide, a Fortune 100 insurance and financial services mutual, recently celebrated the achievements of its innovative employees who have been actively inventing and patenting novel solutions. The company recognized 39 Nationwide inventors at the inaugural Nationwide Patent Award Ceremony, acknowledging their combined 55 patents and 21 patents pending from the U.S. Patent and Trademark Office.“Invention is the most important product of man’s creative brain,” wrote Nikola Tesla, emphasizing the significance of innovation in shaping the world. Tesla further highlighted,...

Banking & Financial Services

Business Life Insurance Solutions for Turbulent Times

By Business Daily | Apr 18, 2024

In a recent podcast, Nationwide Chief Economist Kathy Bostjancic and Nationwide Business Solutions Group Vice President Jessica Dowdy discussed how business life insurance can assist business owners in navigating the challenges of the current economic and labor markets. Dowdy highlighted the importance of solutions like corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) in addressing these issues.Dowdy emphasized the impact of the COVID-19 pandemic on business owners, stating, “Business owners are still reeling from the impacts of COVID, facing...

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