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Business Technology

Why Have CFOs bet big on technology in 2024?

In the 1999 sci-fi blockbuster The Matrix, Neo is offered a choice: take the blue pill and remain in blissful ignorance, or take the red pill and uncover the often harsh truth of reality. Today’s CFOs are facing a similar crossroads, albeit less dramatic, as they decide whether to maintain traditional practices or embrace an…

Bybestfinancespace

Business

Small business owners must report by end of the year to avoid penalties under federal law

Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of businesses may not realize they are subject to a new reporting process mandated under the Corporate Transparency Act, which went into effect in January 2024. For most eligible businesses, the filing deadline is Jan. 1, 2025,…

Bybestfinancespace

Business

Cyber insurance meets the $10 billion challenge: redefining business resilience

Cybercrime costs the US economy $9.6 trillion every single year – with the FBI adding that over $10 billion was lost in cyberattacks in 2022 alone. And, for Ryan Von Haden (pictured), partner and vice president at TRICOR Insurance, cyber threats aren’t just an abstract concept – eradicating them is a way of life. “We…

Bybestfinancespace

Business

As Providence Mutual Exits Auto Insurance Business, Plymouth Rock to Get Renewals

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines in the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company also said it will be transferring some of the business to Plymouth Rock Assurance in…

Bybestfinancespace

Business

Business in the Week Ahead: December 9-13, 2024

The Monetary Policy Committee of the Reserve Bank of India left the policy repo rate unchanged while slashing the CRR rate. While acknowledging the recent slowdown in India’s economic growth, the central bank sounded cautious on inflation. The central bank expects the economic growth to recover in second half of FY25. “Industrial activity is expected…

Bybestfinancespace

Business

Texas Senate wants to ban THC products. Here’s what that could mean for THC-focused businesses in Houston

HOUSTON, Texas – The proposed legislation to ban all forms of consumable tetrahydrocannabinol (THC) in Texas could have significant implications for the state’s cannabis dispensaries and associated businesses. Since the legalization of consumable hemp in 2019, the industry has seen rapid growth, with thousands of shops opening across Texas. Texas Senate to pursue ban on…

Bybestfinancespace

Business

25-30M Christmas trees are cut down annually, displayed in homes, businesses across the US

Christmas trees are the centerpiece of a holiday celebration. Every year, between 25 and 30 million Christmas trees are sold in the United States, according to the National Christmas Tree Association. On a stroll through one of America's Christmas tree farms, there are several different types you could find, with Fraser firs, Balsam firs and…

Bybestfinancespace

Business

GEICO Chooses North Texas as Operation Hub for Commercial Insurance Business

GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to serve the insurer’s small business customers, joining locations in Katy, Texas, and Fredericksburg, Virginia. The…

Bybestfinancespace

Business

Climate change risks gain attention among G20 business leaders

A majority of business leaders across G20 nations remain concerned about the risks of economic downturns, labor shortages, and rising inflation, despite some signs of global economic recovery. These findings are from the Executive Opinion Survey conducted by the World Economic Forum (WEF) and released by strategic partners Marsh McLennan and Zurich Insurance…

Bybestfinancespace

Business

Safeco to Take Personal Lines Renewal Business of Main Street America

Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business from another insurer. Main Street America, a Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire…

Bybestfinancespace

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