Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 12, 2020

August 12, 2020
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News. Insights. Analysis. Inspiration.

Today's Key Question:

Did you know that July was a record-setting month for life insurance applications?

See the article below from Insurance Forums.


"DoorDash just opened 8 US convenience stores that can deliver household items, spices, and other corner store essentials to you in 30 minutes"

From Business Insider:

DoorDash is launching the first of its line of online convenience stores as the delivery company continues to cater to an increase in demand during the COVID-19 pandemic. The company announced in April it was launching a convenience category on its platform, allowing users to order items from the likes of 7-Eleven and Walgreens. But the new stores, dubbed DashMarts, will be "owned, operated, and curated" by DoorDash and will feature products from both national and local brands, according to a company blog post.


"How Entrepreneurs Are Reducing the Stress of Back-to-School"

From Inc:

* As governments, school districts, teachers unions, and parents tussle over the how and when of returning to school buildings, small companies are working to improve and de-risk the inevitable. Providers of plexiglass desk dividers, modular classrooms, and mascot-themed facemasks are gearing up, predictably, for fall. Meanwhile, other businesses anticipate expanded opportunities for products that, with or without some tweaking, address challenges less obvious than sanitation and social distancing. These are among the problems they're solving.


"The Myth That Lockdowns Stop Pandemics"

From Real Clear Politics:

* Centers for Disease Control and Prevention pandemic planning documents state non-pharmaceutical interventions such as social distancing are ineffective once a disease infects 1% of a region's population. Literature on this subject is unanimous worldwide. According to the European Centre for Disease Prevention and Control:

“There are no historical observations or scientific studies that support the confinement by quarantine of groups of possibly infected people for extended periods in order to slow the spread. It is hard to imagine that measures like those within the category of social distancing would not have some positive impact by reducing transmission of a human respiratory infection . . . However, the evidence base supporting each individual measure is often weak.” 

Nature always finds a way. No respiratory virus ever needed a “lockdown” to dissipate. What it needs is herd immunity, preferably sooner than later, preferably developed by the young and healthy to minimize mortality. Politicians know the disease will eventually leave, yet they strive to convince a critical mass that their actions -- modern-day versions of the rain dance -- brought about that result. They count on us behaving like renowned psychologist B.F. Skinner’s superstitious pigeons.

“A pigeon is … put into a cage. A food hopper may be swung into place … so that the pigeon can eat from it … If a clock is [set] to present the hopper at regular intervals with no reference whatsoever to the bird’s behavior, operant conditioning usually takes place. The bird tends to learn whatever response it is making when the hopper appears. The experiment might be said to demonstrate a sort of superstition. The bird behaves as if there were a causal relation between its behavior and the presentation of food, although such a relation is lacking.”


"Record growth dominates virtually every category in July MIB Life Index"

From Insurance Forums:

* The most expansive YOY growth for a July on record, this month’s results show a significant demand matched by a resilient industry that has successfully adjusted to how business is acquired and underwritten. July’s application activity grew 4.0% over June’s numbers, the first positive month-over-month change in the same timeframe since the inception of the MIB Life Index, and showcased double-digit growth in all product lines on a year-over-year basis. 

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