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Economics

Flying Food Group offers employees better healthcare plan, but UNITE HERE! Local prohibits it, company says

The airline catering company Flying Food Group (FFG, recently developed a comprehensive healthcare plan with better benefits than those offered by UNITE HERE!, but the union has prohibited FFG from making the plan available to its employees, FFG Los Angeles Airline Facility (LAI) General Manager Lucy Osoro said.

Economics

JPMorgan Chase Commits $2 Million to Boost Support for Underserved Small Businesses in Detroit

JPMorgan Chase recently revealed a commitment of $2 million in philanthropic funding to nonprofit organizations focused on aiding underserved small businesses in Detroit.

Economics

Economic researcher: 'We should've seen about a $100 increase in rents over the past two years. Instead, we saw a $300 increase'

Housing costs now account for a third of the average American's budget as inflation continues to impact the economy, according to a MarketWatch article published on Feb. 17.

Economics

'We look forward to [Amazon] announcing an opening date some time next year': Amazon Fayetteville fulfillment facility to open on specified date in 2023

The Amazon Fayetteville fulfillment facility is still scheduled to be officially opened in 2023, but it remains unclear when specifically the facility will actually be open.

Economics

Survey: Risk managers seek more 'thriving' roles in ESG initiatives

A new survey from the WTW 2022 Environmental, Social and Governance (ESG) Global Risk Managers Survey conducted by Willis Towers Watson (WTW) has found that risk managers, nearly 75%, are seeking a greater role in their organization's ESG initiatives.


Economics

Learn which type of captives are best to help companies thrive

When searching for a potential captive insurance company to work with, it's important to know which kind of captive would most benefit the company.

Economics

How would a captive insurance company benefit you and your business?

When it comes to determining how much of a return on an investment into the establishment and managing of a captive to expect, analyzing the benefits that a captive could bring to your company is crucial.

Economics

When should you consider starting a health insurance captive?

When deciding whether to start a health insurance captive, it's important that you're aware of which kinds of coverage are available.

Economics

Jarid Beck of Risk Management Advisors: ‘Captives are no longer domiciled offshore’

The director and co-founder of Risk Management Advisors LLC recently explained that a shift in the industry is happening where America is gaining for captive insurance companies as compared to before.

Economics

CEO on advantages of captive health insurance: 'Positive peer pressure' helps members improve plans, reduce costs

One of the advantages of coverage in a captive insurance policy is the encouragement and advice you receive from other companies that are enrolled in the same type of insurance, said Rebekah Barr, CEO of Allyon.

Economics

CEO of Everlong Captive, Captive Health Insurance: 'If you don't position yourself and your clients, you'll be left behind'

Doug Truax, CEO of Everlong Captive and Captive Health Insurance, recently said regarding health insurance that if employers and brokers don't position themselves and their clients correctly, they'll be left behind.

Economics

Founder of Big Ideas for Small Business: 'Traditional insurance products may not meet a business’s needs, at least not at an affordable price'

Traditional insurance has had a grip on the economy for several decades and has been reaching extraordinary price premiums for coverage that employees need, said Barbara Weltman, founder of Big Ideas for Small Business.

Economics

ElevateBio to open facility at Pittsburgh, creating 172 six-figure jobs

Gov. Tom Wolf recently announced that ElevateBio will be investing in its first Pennsylvania operation through the creation of a BaseCamp biomanufacturing facility that will create 172 new, six-figure jobs in Pittsburgh.

Economics

Texas set to divest from BlackRock, UBS for 'boycott' of oil and gas industry

Texas Comptroller Glenn Hegar recently announced his office's list of financial companies that boycott the oil and gas industry, setting the stage for Texas to prohibit public fund investment to BlackRock, UBS and others.

Economics

'Misery Index' shows Arizona drivers still paying elevated pump prices

Arizona drivers paid an average of $4.13 on Aug. 16 for a gallon of gas, reflecting a monthly decline of 74 cents but an increase of $504 paid on an annual basis compared to gas prices a year ago, according to the Gasoline Misery Index.

Economics

'Misery Index' shows Arizona drivers still paying elevated pump prices

Arizona drivers paid an average of $4.13 on Aug. 15 for a gallon of gas, reflecting a monthly decline of 74 cents but an increase of $504 paid on an annual basis compared to gas prices a year ago, according to the Gasoline Misery Index.

Economics

'Misery Index' shows Arizona drivers still paying elevated pump prices

Arizona drivers paid an average of $4.18 on Aug. 12 for a gallon of gas, reflecting a monthly decline of 81 cents but an increase of $530 paid on an annual basis compared to gas prices a year ago, according to the Gasoline Misery Index.

Economics

'Misery Index' shows Arizona drivers still paying elevated pump prices

Arizona drivers paid an average of $4.19 on Aug. 11 for a gallon of gas, reflecting a monthly decline of 83 cents but an increase of $540 paid on an annual basis compared to gas prices a year ago, according to the Gasoline Misery Index.

Economics

Arizona Chamber of Commerce's Seiden: CHIPS Act 'is helpful to our local economy'

The microchips-based legislation that was spearheaded by Arizona Democratic Sens. Kyrsten Sinema and Mark Kelly has received the seal of approval from the president of the Arizona Chamber of Commerce & Industry.