Pie Insurance Sees Record Growth and Surpasses $100M in Premium

DENVER, Oct. 14, 2020 /PRNewswire/ — Pie Insurance, an insurtech specializing in workers’ comp  insurance for small businesses, today announced it has exceeded $100 million in cumulative written premium and surpassed $100 million in annualized run rate premium. In less than 3.5 years since being founded, Pie Insurance has cemented its spot as the fastest insurtech company to hit these milestones. This monumental growth is evidence that small businesses, and the insurance agents who serve them, are ready to adopt a modern and automated insurance experience.

“Commercial insurance in the United States generates $300 billion in annual premiums. However, the industry operates in an almost entirely analog environment,” commented Dax Craig, Co-Founder and President of Pie Insurance. “Pie leverages technology to modernize the entire insurance experience for small businesses, and our rapid growth is a testament to the huge unmet need in the market.”

Today’s milestones follow Pie’s

Read More

Read More

Primerica: Protecting The Insured, Ensuring Growth And Stability For The Investors (NYSE:PRI)

Primerica, Inc. (NYSE: PRI) continues to prove its financial strength with its impressive performance over the years. Amidst the limitations caused by the pandemic, the company does not seem to falter, given the fruitful results during the first half of the year. Moreover, dividend payments continue to promise long-term gain and security. However, the stock price has been bearish since August, although it turns out to be undervalued as estimated.

The Impressive Financials of Primerica, Inc.

Operating Revenue and Operating Costs

Formidable Primerica, Inc. continues to prosper as time goes by. Since it went public, the company demonstrated how it prudently managed its operations that could offer stability and gains to its stakeholders. As insurance became more significant to individuals, the growth of companies in the industry became more visible.

For the last 10 years, the company showed its increasing revenue. In 2010, it amounted to $1.36 billion but fell

Read More

Read More

Petros PACE Finance’s Growth Continues with Hiring of Commercial Real Estate Executive Jerry Ellis as Senior Vice President of Business Development

AUSTIN, Texas, Oct. 13, 2020 /PRNewswire/ — Petros PACE Finance, (www.petros-pace.com), the industry leader of Commercial PACE financing, announced today the hiring of Jerry Ellis as Senior Vice President of Business Development based in the New York office, strengthening the business development team as the company continues to grow nationally.

Ellis brings more than 25 years of commercial real estate investing experience to the role. During his career, he has participated in the origination, underwriting and closing of more than $7 billion of U.S. and international transactions.

New York is an increasingly important market for Petros, where we are expanding to meet rapidly growing demand for C-PACE,” said Mansoor Ghori, CEO and Co-founder at Petros PACE Finance. “Jerry is a seasoned veteran with a proven track record of success and we are pleased to welcome him to the team at this critical time as a step

Read More

Read More

IMF envisions a sharp 4.4% drop in global growth for 2020

WASHINGTON (AP) — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century.

The IMF estimated Tuesday that the global economy will shrink 4.4% for 2020. That would be the worst annual plunge since the Great Depression of the 1930s. By comparison, the international economy contracted by a far smaller 0.1% after the devastating 2008 financial crisis.

The monetary fund’s forecast for 2020 in its latest World Economic Outlook does represent an upgrade of 0.8 percentage point from its previous forecast in June. The IMF attributed the slightly less dire forecast to faster-than-expected rebounds in some countries, notably China, and to government rescue aid that was enacted by the United States and other major industrial countries.

While forecasting a global contraction this year, after 2.8% growth in 2019, the

Read More

Read More

China’s trade growth accelerates in Sept; exports up 9.9%

BEIJING (AP) — China’s trade picked up in September as global demand for masks and medical supplies boosted exports and the economy’s early reopening gave producers an edge over foreign competitors.

Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5%, the fourth straight month of growth, customs data showed Tuesday. Imports gained 13.2% to $202.8 billion, up from the previous month’s 2.1% contraction as the world’s second-largest economy regained momentum.

Exports had a “comprehensive recovery” in the three months ending in September, said a spokesman for the customs agency, Li Kuiwen. He said China has exported masks and other medical supplies worth 1 trillion yuan ($150 billion).

China has “successfully filled the global supply shortage,” Li said at a news conference.

Chinese exporters have benefited from relative early end of travel and trade curbs after the ruling Communist Party declared victory over the outbreak in

Read More

Read More

Asian shares mixed as China reports faster growth in trade

Shares are mixed in Asia after China reported its exports jumped nearly 10% in dollar terms in September as its economy recovered from the coronavirus pandemic

Shares were mixed in Asia on Tuesday, as investors were encouraged by strong growth in China’s trade in September.

An overnight rally on Wall Street, driven mainly by technology companies such as Apple and Amazon, faded amid worries over U.S. economic stimulus and a resurgence of coronavirus caseloads in many countries.

But the release of stronger trade data in Beijing helped Tokyo recover from early losses. Shanghai declined. Hong Kong’s market was closed for a typhoon.

China’s exports rose 9.9% from a year earlier to $239.8 billion in September, while imports gained 13.2% to $202.8 billion. Tuesday’s customs data showed

Read More

Read More

China’s trade growth accelerates in Sept; exports up 9.9%

BEIJING (AP) — China’s trade growth accelerated in September as the world’s second-largest economy recovered from the coronavirus pandemic.



Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)


© Provided by Associated Press
Customers wearing face masks to help curb the spread of the coronavirus look at a newly unveiled new model from the American bicycle brand at a retailed shop in Beijing on July 29, 2020. China’s trade growth accelerated in September as the world’s second-largest economy recovered form the coronavirus pandemic. (AP Photo/Andy Wong)

Exports rose 9.9% over a year earlier to $239.8 billion, up from August’s 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to $202.8 billion, up from the previous month’s 2.1% contraction.

Exporters have benefited from China’s relatively early reopening from its shutdown to fight the virus and from global demand for masks and medical supplies. They are taking market share from foreign competitors that are hampered by anti-disease controls.



Container ships are docked at a container port as seen in an aerial photo in Qingdao in eastern China's Shandong Province, Thursday, Oct. 8, 2020. China's trade growth accelerated in September as the world's second-largest economy recovered form the coronavirus pandemic. (Chinatopix via AP)


© Provided by

Read More

Read More

Bombardier: Corporate Jet Business Is Unlikely To Drive Growth (OTCMKTS:BDRAF)

Bombardier (OTCQX:BDRAF)(OTCQX:BDRBF)(OTC:BOMBF) continues to be in a fragile state. While the company will be able to deleverage its balance sheet by selling its rail transportation unit to Alstom for $8.4 billion next year and become solely a corporate jet manufacturer, we believe that its future still looks bleak. As the founding family continues to have the majority of the voting power in the company, there’s no guarantee that it will not fail to create value this time, considering that, under its leadership, Bombardier suffered immense losses by developing and later selling at a loss its own civil aviation project to Airbus (OTCPK:EADSF). In addition, by operating in a small and saturated business jet market, it will be hard for Bombardier to drive growth in the following years. For that reason, we continue to believe that there’s no value left in Bombardier stock and the opportunity cost of holding its shares

Read More

Read More

Personal Growth Needs To Be Every Cloud Software CEO’s Top Priority, Says Bill.com’s Rene Lacerte.

On this episode Of Scaling Up, March Capital managing partner, Jamie Montgomery and Forbes futurist Rich Karlgaard talk to Bill.com’s founder and CEO, René Lacerte. Bill.com is a fast-growing cloud software company that sells automated payment services for small and medium sized businesses. When we interviewed Lacerte, BILL was worth $8 billion in market cap; today it is $9.12 billion. We talked about fast growth leadership, mentorship secrets, and how Lacerte’s father was a pianist for the late Gram Parsons, even though Lacerte’s father was missing four fingers.

Click below for video.

MORE FROM FORBESPersonal Growth Needs To Be Every CEO’s Top Priority, Says Bill.com’s Rene Lacerte

The following transcript has been edited for clarity and length.

Rich Karlgaard:  René, what was your original mission, how was it progressed, and the fundamental question – why is what you do important to your customers?

René Lacerte:  We think of

Read More

Read More

1 2 3 7