Latest news with #riskMitigation
Bloomberg
02-07-2025
- Business
- Bloomberg
Bloomberg Wealth: Anne Walsh
Guggenheim Partners Investment Management CIO Anne Walsh says the Federal Reserve may have room to lower interest rates but must be cautious not to appear as though it is "kowtowing" to political pressure from President Donald Trump. In this episode of Bloomberg Wealth with David Rubenstein, Walsh shares her concerns about the US deficit, emphasizing the need for greater fiscal discipline in Washington. She also discusses how fixed income investments can serve as a valuable tool for risk mitigation. This interview was recorded on June 9 in New York. (Source: Bloomberg)
Yahoo
01-07-2025
- Business
- Yahoo
Business Weekly Agenda for July 1
Friday July 11 The Small Business Resource Association will host a 'Breakfast Referral Club at B2 Bistro,' 7:30 to 9 a.m., B2 Bistro, 701 Reading Ave., West Reading. Sign up for this fun and informative networking event. Cost: The cost of your breakfast. Registration: Friday July 11 The Center for Dairy Excellence will host a Protecting Your Profits webinar, 'Healthy Herds & Happy Cows: Risk Mitigation for Your Dairy,' 12 to 1 p.m. Jody Kull, Assistant Teaching Professor in the Department of Veterinary & Biomedical Sciences at Penn State University, will share how dairy farmers can use their FARM protocols not just as a once-a-year way to check a box, but how to develop them to prepare for anything that might happen throughout the year. She will explain how dairy farmers can use these FARM protocols to mitigate on-farm risks and seasonal concerns such as mastitis, pneumonia and metabolic issues. Registration: No registration is needed – visit on the day to join the webinar. Contact Valerie at vmason@ or call 717-550-8720 with questions. Cost: There is no cost. Wednesday July 30 Penn State Extension will host 'Herds and Her: Empowering Women in Dairy,' 8:45 a.m. to 5 p.m., Fantasyland Holsteins, 27 Valley Farm Lane, Robesonia. The workshop will gather women in dairy for an interactive boot camp-style event. Participants can gain practical knowledge in a variety of areas to enhance their farm operations during this hands-on experience. Registration: Registration is required by July 28. Cost: $25 Wednesday July 30 Berks LaunchBox presents 'Level Up Your Brand with Smartphone Photography,' 6 to 8 p.m., at the Berks LaunchBox, Goggleworks Center for the Arts, Suite 105, 201 Washington St., Reading. In this hands-on, high-impact workshop designed specifically for entrepreneurs and small business owners, photographer Sam Interrante will teach you how to take professional-quality photos using just your smartphone. To register: This workshop is free to the public. Thursday July 31 The Career Professional Executive Networking Group Reading and Lehigh Chapters will jointly host a 'Social Event,' 5:30 to 8 p.m., Ozgoods Neighborhood Grill and Bar in the banquet /party room, 4 Lincoln Road, Kutztown. The evening will offer a chance to networking and camaraderie. CPENG is a membership based nonprofit organization that provides a forum for members to develop professional relationships and to provide support for business development and professional career transitions through networking, training, volunteer experience and support groups. Guests are welcome but registration is required for all: Cost: Food and drink are on your own. For more information contact Glenn Miller, GM82PSU1@ Tuesday August 5 Berks LaunchBox presents '3D Printing for Beginners,' 6 to 8 p.m., at the Berks LaunchBox, Goggleworks Center for the Arts, Suite 105, 201 Washington St., Reading – in English and Spanish. Discover the software and equipment used in this process, as essential terms and tips of 3D printing are explored. Attendees will learn the step-by-step procedures for designing, slicing and printing — transforming ideas into creations. To register: This workshop is free to the public. Tuesday August 19 The Greater Reading Chamber Alliance (GRCA) will host its 'Annual Picnic,' 4:30 to 8 p.m., First Energy Stadium, 1900 Centre Ave., Reading. Rain date is Wednesday August 20. This event will feature networking, food, drinks and live music from MissBehavin' – Mike & Tara. Challenge your coworkers to life-size JENGA, test your pitching speed at Baseballtown's 'time your pitch' or sharpen your golf putting skills. The event also features the annual Berks Business Home Run Derby. Registration is required: Cost is $55 for members, $65 for non-members. Friday August 22 The TriCounty Area Chamber of Commerce will host its 'Annual Golf Outing and BBQ Lunch,' 8 a.m. to 3 p.m., Twin Ponds Golf Course, 700 Gilbertsville Road Gilbertsville. The day starts with registration at 8 a.m., a shotgun start at 9 a.m. and wraps up with the BBQ lunch catered by Moyer's Catering starting at 1:30 p.m. Non golfers can register just for the lunch. Registration is required: Cost is $125 per member golfer before June 25, $150 starting June 26; BBQ lunch only is $40. Tuesday August 26 Berks LaunchBox presents 'Beginner Website Building,' 6 to 7:30 p.m., at the Berks LaunchBox, Goggleworks Center for the Arts, Suite 105, 201 Washington St., Reading. This in-person session offers hands-on experience using Google Sites, a free and easy-to-use tool. Attendees will start their journey into web development by constructing their own website with guidance and support. Each major skill for building a Google Sites website will be demonstrated on a projected screen and attendees will have time to practice many of the skills on a dummy site you create. To register: This workshop is free to the public. Tuesday September 9 Berks LaunchBox is accepting applications for its 'Fall Idea Testlab,' a six-week course to help entrepreneurs take an idea from concept to business. The first step is figuring out if you have identified a problem worth solving. This customer discovery investigation is designed to help. Participants will learn how to develop a business model, validate the business model and work with experienced entrepreneurs. The final night pitch competition will award cash prizes. Applications must be submitted by midnight, Sept. 9. The session starts in October. To apply: Questions: Email Michelle Hnath, mah629@ Every second Tuesday The SHRM Berks County Chapter meets from 7:30 to 9 a.m. Meetings feature a speaker presenting on a relevant HR topic. Visit to see the meeting and event schedule. Email your news to money@
The Independent
17-06-2025
- Business
- The Independent
Premium insurance demand surges across the world amid travel disruptions
Travel disruptions are on the rise, leading leisure travellers to be more selective about their insurance coverage, while businesses seek specialist advice to mitigate risks. Since 2019, a series of events, including Covid-19, extreme weather, volcanic eruptions, military conflicts, jet safety concerns, computer malfunctions, and airport fires, have caused widespread travel disruptions, grounding planes and stranding millions. In the United States, air traffic controller shortages and outdated technology have contributed to significant disruptions. In May, Newark Liberty Airport, a major hub serving New York City, experienced flight cancellations, diversions, and delays due to equipment outages, runway construction, and staffing shortages. Recently, an attack by Israel on Iran led to the cancellation or diversion of thousands of flights to avoid conflict in the Middle East. Many insurance policies have numerous exemptions in the fine print. Consequently, travellers are opting for higher-end insurance policies, often with higher premiums, to ensure better protection, according to insights from travel executives, insurance companies, and analysts. "We're in times that are quite unstable so people are cancelling more frequently than previously," said Duncan Greenfield-Turk, CEO of Global Travel Moments, a luxury travel agency based in London. European tourists have increased their purchases of travel insurance for this summer by three per cent compared with last year, according to German insurer Allianz Partners. Squaremouth, the largest travel insurance marketplace in the US, has seen a 34 per cent year-over-year increase globally in purchases of "Cancel For Any Reason" protection. British and US holidaymakers in particular are more willing to pay a higher premium to protect their trip, said Anna Kofoed, the CEO of Travel for Allianz Partners. About 32 per cent more travellers globally requested an insurance quote from January to April compared to the same period in 2024, according to data from online travel insurance broker InsureMyTrip. Businesses seek travel advice There has also been a rise in demand for bespoke travel advice as US President Donald Trump has announced a number of immigration-related restrictions including tighter visa vetting procedures and travel bans. World Travel Protection (WTP), a global firm that advises businesses on travel risk, said it has seen a rise in US residents being detained at US borders and told their documents were no longer valid as visa rules were changing. WTP has worked with US government representatives to help those individuals return home, according to Frank Harrison, the company's regional security director for the Americas. "We're seeing a very strong uptick in organizations coming to us wanting to know how to navigate the landscape of the US within the wider business," Harrison said. CIBT, which provides non-legal visa and immigration guidance, has seen a 50 per centrise in inquiries since November from companies seeking to better prepare their employees for travel to the US, according to CEO Steven Diehl. High-end insurance products emerge One of the newest areas of business is in parametric insurance, which pays compensation automatically after a "trigger" event such as a flight delay without the need to file a claim. Parametric insurance took off in some countries during the COVID-19 pandemic and in recent months more insurers around the world have begun to offer it. When testing the market last year, Spanish insurer Mapfre's Mawdy unit in Ireland said about 11 per cent more customers opted for higher-tier travel insurance packages when instant compensation was included. Travel destinations have also spotted an opportunity in this burgeoning market. Marriott Bonvoy's villa rentals and waterparks offer parametric weather insurance at the point of booking, automatically paying out on rainy days. Sensible Weather, one of the providers of such coverage, reported its weather guarantees were added to 30 per cent of theme park bookings and 10–15 per cent of higher-value accommodation bookings when they were offered in 2024. In March, Squaremouth launched a new insurance product with cruise-specific benefits such as coverage for being confined on a cruise ship or missing the port of call. "Everyone is trying to make it easier for people to understand that each trip (...) is going to have a different set of concerns whether it's hurricanes or blizzards or what's going on with air traffic controllers," Suzanne Morrow, CEO of online insurance broker InsureMyTrip told Reuters.
Times of Oman
01-06-2025
- Business
- Times of Oman
Sohar Emergency Response Organisation inaugurated
Muscat: Under the patronage of Eng. Saeed bin Hamoud bin Saeed Al Mawali, Minister of Transport, Communication, and Information Technology, Sohar Port and Freezone hosted the inauguration ceremony of the Sohar Emergency Response Organisation, a milestone that redefines industrial safety and resilience in Oman. The Sohar Emergency Response Organisation is a fully integrated initiative, jointly established by Sohar Port and Freezone in close partnership with its tenant community. Designed to serve all stakeholders, from employees and contractors to port users and visitors ,this model represents a unified, community-wide approach to emergency preparedness. Its collective nature is what sets it apart as a first-of-its-kind initiative in the region. Ensuring the safety of people and the protection of valuable assets are fundamental principles at Sohar. The Emergency Response Organisation enhances risk mitigation, safeguards facilities, and ensures business continuity, directly supporting Sohar's mission to be a reliable, safe, and sustainable industrial hub. Eng. Saeed bin Hamoud bin Saeed Al Mawali, Minister of Transport, Communication, and Information Technology, emphasized the broader significance of this achievement: 'The Sohar Emergency Response Organisation represents a critical step in aligning with Oman's vision for resilience and sustainability. By enhancing safety standards and ensuring operational continuity, it supports not only Sohar's growth but also Oman's strategic objectives in the logistics sector.' 'This is not just a facility, it is a strategic outcome of collaboration,' said Abdullah Al Jabri, Chairman of the Board of SoharPort and Freezone. 'Together with our tenants, we have built a shared resource that protects the entire Sohar ecosystem. This unified model reflects our collective responsibility toward safety, operational excellence, and long-term resilience.' Operating 24/7 and equipped with advanced technologies, the center provides rapid response to a wide range of emergency scenarios, from medical incidents and industrial fires to hazardous materials and technical rescues. Developed in collaboration with international experts such as the Safety Authority Rotterdam, and operated by Unity Fire and Safety Services LLC, the facility aligns with the best global practices adapted to the local context. The inauguration of the Sohar Emergency Response Organisation sets a new regional benchmark in industrial safety, not only for its operational capability, but for its ability to unite diverse stakeholders under one mission: protecting the entire Sohar community through collective action.
Yahoo
29-05-2025
- Business
- Yahoo
Flow Capital Announces a US$5.0 Million Investment in Congruity 360
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) ('Flow Capital' or the 'Company') is pleased to announce the successful closing of a US$5.0 million senior note investment in Congruity 360, a leading provider of unstructured data management and risk mitigation solutions. Congruity 360's Classify360 platform equips organizations with critical capabilities to understand, manage, and secure petabyte-scale unstructured data across cloud, SaaS, and on-premises environments. Its capabilities include data discovery and classification, identification of governance and compliance vulnerabilities, and automated workflows for remediation and infrastructure optimization. Already trusted by Fortune 500 companies operating across the globe, Congruity 360 will use the capital to fuel continued product innovation and growth. 'The unstructured data management and classification market is thriving! We were impressed by Congruity 360's market and product momentum, particularly its automated governance workflow and the introduction of AI into the classification process,' said Alex Baluta, CEO of Flow Capital. 'Given its high growth rate, Flow's covenant-light, founder-friendly capital was a perfect fit for Congruity 360's needs.' '2025's wins have accelerated our product and GTM plans! We are excited to partner with Flow Capital,' said Brian Davidson, CEO of Congruity 360. Technology companies seeking flexible growth capital are invited to apply for funding directly at About Congruity 360 Congruity 360 delivers the only data management solution built on a foundation of classification, by experts in data storage and data privacy. The Classify360 platform is easy to implement, requires no outside consultants, and quickly analyzes and remediates your data at a petabyte scale in days, not weeks or months. About Flow Capital Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion. Learn more at For further information, please contact: Flow Capital Corp. Alex Baluta Chief Executive Officer alex@ 47 Colborne Street, Suite 303, Toronto, Ontario M5E 1P8 Forward-Looking Information and Statements Certain statements herein may be 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
