Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 6, 2020

May 06, 2020
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News. Insights. Analysis. Inspiration.


"Where's my stimulus payment? Here's a look at why some checks haven't arrived"

From USA Today:

* And while it appears that some money was sent out, some people still have yet to receive it because of a few glitches along the way. 

Here's what you need to know: 



"One business owner’s experience: Applying for Paycheck Protection Program funds"

From Emyth:

* Deciding to apply for these funds was easy. Everything that’s come after that decision hasn’t been.



"The impact of artificial intelligence in the banking sector & how AI is being used in 2020"

From Business Insider:

* Most banks (80%) are highly aware of the potential benefits presented by AI, per an OpenText survey of financial services professionals. In fact, many banks are planning to deploy solutions enabled by AI: 75% of respondents at banks with over $100 billion in assets say they're currently implementing AI strategies, compared with 46% at banks with less than $100 billion in assets, per a UBS Evidence Lab report seen by Business Insider Intelligence. Certain AI use cases have already gained prominence across banks' operations, with chatbots in the front office and anti-payments fraud in the middle office the most mature. 



"How to Lead When You're Scared Too"

From Fast Company:

* Now, the world is at a turning point. The early adrenaline rush—juggling online classes or remote work, hosting emergency virtual town halls—is wearing off. The next challenge is endurance. As organizations collectively slide into the fatigue and boredom of long-haul isolation, it falls to leaders to maintain momentum, even as inertia and uncertainty threaten to drag everyone down.



"Crisis exposes that Americans have no savings"

From Washington Examiner:

* With businesses and individuals defaulting on their rent and other obligations only days into the collapse, the problem is clear: Few have any savings. And why should they, when that implies saving money at negative real rates of return? American businesses and individuals are so overleveraged that once their income goes away, even briefly, they are in many cases left with nothing.



Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here