Small businesses News

Chubb: Middle Market Companies Post Record Gains

Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. A record 77% of companies reported performance improvement in the last six months of 2023 — the …

New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery

Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it can be a lengthy, frustrating and bureaucratic process. New rules announced Friday by the federal agency in charge of emergency …

Small Businesses Give Record-High Ratings to Commercial Insurers: JD Power

Small businesses across the U.S. are increasingly satisfied with the products and services they receive from their commercial insurance providers. According to the 11th annual JD Power 2023 U.S. Small Commercial Insurance Study, overall customer satisfaction has reached an all-time …

‘BazarCall’ Malware Uses Call Centers to Target Small Businesses: CFC

CFC, a specialist insurance provider and market leader in cyber, warned brokers and their clients today of an emerging method of ransomware attack – dubbed ‘BazarCall’ – which is targeting small businesses. According to CFC’s in-house cyber threat analysis team …

Most U.S. Small Businesses Worry Recession is Coming

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed …

Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard

Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber Claims Report, Coalition concluded that from 2020 …

Smaller Delaware Businesses Find Ways to Survive Pandemic

Small businesses have faced big-time problems throughout the COVID-19 pandemic. And for many, it was no longer just about trying to get by. It was a matter of survival. Local small-business owners Rous and Angie Robles of My Sister’s Fault …

Small Businesses, Lacking Legal Immunity, Fear COVID-19 Liability Lawsuits

Plans for a lawsuit against a Maine venue that hosted what became a “superspreader” wedding reception underscore the liability risks to small businesses amid the coronavirus pandemic and an uphill push by Republicans in Congress to give such outfits legal …

Bill to Pool Small Businesses for Insurance Gets Final Approval in North Carolina

A way for North Carolina small businesses and sole proprietorships to join together and obtain more affordable individual health insurance is heading to Governor Roy Cooper’s desk after the measure received final legislative approval. The Senate voted 32-9 on Tuesday …

InsurTechs Take Note: Chubb’s Digital Marketplace Serves 1,000 Agents a Day

Giant global insurer Chubb is on a mission to transform itself into a digital enterprise. The company is making substantial investments in digital technologies including cloud, mobile, APIs, security, chatbots, analytics and data. The effort includes using digital capabilities to …