Greewich Time – The reinsurers figure out how to cover their losses long before the storms hit.
Amid an exceptionally active Atlantic hurricane season, reinsurance firms in Stamford and elsewhere are tracking the tempests with concern, but not much surprise. Based on decades of experience, many reinsurers have built operations that can cumulatively pay out billions in claims from hurricanes like Harvey and Irma without jeopardizing their fiscal security.
Finance
How Much Value Does Regular Maintenance Add to Your Home?
Kane County Chronicle – A Farmingdale-based startup is bringing infusion services to rural locations and smaller health-care facilities to spare patients the hassle and extra cost of having to travel far from home.
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Deals Create Foundation for Growth at United Rentals
Stamford Advocate – United Rentals announced last month its latest acquisition. The 10-figure deal for Miami-based Neff Corp. hardly represented the company’s first purchase, and it will not be its last.
Football Season Is Kicking Off And Sponsors Spend Big
Seeking Alpha – Football season is kicking off! So starting opening day (September 7th) the ADS ARE COMING!
Sponsorships in the NFL are big business, in 2016 sponsorship revenue generated $1.25 billion for the year. That was a 4.3% increase over 2015 despite NFL ratings issues (source). Spread out, $1.25 billion was spent over 256 games in regular season and then playoffs.
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Cities, Towns Face Cuts in State Budget Crisis
CT Biz Schools Aim to Build Women C-Suite Pipeline
CT’s Recession Lasted Much Longer Than You Think
Hartford Business Journal – While many people consider the Great Recession to have lasted only two years, Connecticut’s economic malaise lasted much longer. In fact, measured by real output or gross state product, Connecticut’s economy actually shrank for seven years, even as the state regained jobs lost during the Great Recession.
Facebook Group Urges Preservation of Old Stanley Buildings
New Britain Herald – When it was announced that Stanley Black & Decker was planning to demolish all nine buildings it owns east of Curtis Street and south of Myrtle Street, some residents celebrated an opportunity revitalize the corner, while others were upset that their beloved city would be losing a bit of its history.
There’s One Major Thing Everyone Gets Wrong About Amazon and the Retail Apocalypse
Business Insider – Amazon and the rise of online shopping have been repeatedly blamed for the staggering rate of store closures and bankruptcies disrupting the retail industry in the US.
But e-commerce accounts for only a small fraction of the problems pushing many American retailers to the brink of death, according to Doug Stephens, a retail-industry consultant.
CT at Center of Corporate Relocation Strategy
Hartford Business Journal – Health insurer Aetna’s decision to relocate top-level employees to New York City, while maintaining the bulk of its workforce in Hartford, is part of a nationwide management trend in which companies are increasingly separating their corporate executives from the rest of their workforce.