Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Employees of Narragansett Bay Insurance Company Pay It Forward Through the Holidays


Photo caption (l-r): Chad Ferrari, Glen Tiziani, Monica Cunha, Sandra Donnelly, Joanna Powers (Ronald McDonald House), Sandi Tavares, Tim Moura, Margaret Walsh, Scott Weaver, Tim Reichardt

Our employees contributed their time and money through a grass-roots campaign to assist local charities. We’ve chosen charities that help preserve our environment; assist children and families in their time of need; and those that help to protect the freedom of our country.

The employees of Narragansett Bay Insurance Company (NBIC), a wholly-owned subsidiary of Heritage Insurance Holdings, Inc., joined together to support several local charities during the holiday season. Throughout the fourth quarter of 2019, employees participated in volunteer activities, collected food, and donated money to charities that are making a lasting difference in the community.

These employee-driven initiatives were part of NBIC’s renewed commitment to supporting local non-profit organizations. The charities chosen were Save The Bay, Ronald McDonald House Providence, Rhode Island Community Food Bank, and Operation Stand Down Rhode Island.

Kim McCauley, NBIC’s Chief Human Resource Officer, was impressed with the results, stating, “Our employees contributed their time and money through a grass-roots campaign to assist local charities. We’ve chosen charities that help preserve our environment; assist children and families in their time of need; and those that help to protect the freedom of our country. This speaks volumes about the values and culture we have nurtured at NBIC. A passion to help others is contagious and we are committed to doing more next year.”

NBIC has since implemented a Volunteer Time Off program, awarding employees with two work days per year to participate in volunteer activities. Recently, several employees took advantage of the program to serve at the Ronald McDonald House in Providence.

Leaders from each of the benefitting charities expressed their appreciation for NBIC’s financial support, volunteer efforts, and donations. NBIC’s campaign in 2019 was a great success, and the company pledges to continue supporting local charities in 2020 and beyond.

About Narragansett Bay Insurance Company (NBIC)

Narragansett Bay Insurance Company, a wholly-owned subsidiary of Heritage Insurance Holdings, Inc. offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard.

About Heritage

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes over $900 million of gross personal and commercial residential premium across its multi-state footprint.

For more information, contact media@NBIC.com.

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With the Industry Booming, Slone Partners Celebrates 20 Years as a Leader in Life Sciences and Biotech Executive Search


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“It has been an amazing journey, and I take great pride in our role in helping recruit and place many of the top leaders in the innovative companies that are doing such exciting work,” said Adam Slone.

The impact of new medicines, procedures, data analytics, and other innovations created by companies in biotechnology, diagnostics, therapeutics, laboratory and clinical services during the first two decades of the 21st century have changed the lives of millions of people around the world. And as Slone Partners celebrates its 20th anniversary this year, its evolution as a leader in life sciences executive search closely resembles that of the industry itself.

“We have witnessed an incredible myriad of breakthroughs and discoveries in the life sciences during our 20-year history as a company,” said Slone Partners founder Adam Slone. “It has been an amazing journey, and I take great pride in our role in helping recruit and place many of the top leaders in the innovative companies that are doing such exciting work.”

When Slone Partners began in 2000 the industry landscape was far different, and the pace of change was far slower than it is today. But Slone soon realized that the life sciences was the sector where the firm could make the biggest impact in the market.

“Within about five years after founding Slone Partners, we saw a significant shift globally towards precision medicine and individualized care. It was interesting to see the reaction from various sectors within healthcare including therapeutics, life sciences, biotech, diagnostics, and clinical services,” Slone said. “It wasn’t quite a eureka moment; it was more about understanding the larger puzzle consisting of distinct pieces – policies, finance, clients, and candidates.”

As the industry grew, the company grew along with it, but it took a unique approach, becoming one of the first all remote companies in its sector.

“When you’re meeting clients on their ground, and meeting with candidates on neutral ground, you spend meaningful time building face-to-face relationships instead of spending energy managing an office and the associated infrastructure,” Slone said. “Decentralizing, in that context, allowed us to focus more on the work and it also saved the team hours of commuting.”

Today the company has 50 full-time employees, working in cities all across the country.

“Once we realized this remote office structure worked, we decided to restate our mission and began building our own culture of caring for one another more deeply as people, while emphasizing accountability,” Slone stated. “This new kind of infrastructure built trust among the team and gave each member of the team the ability to deliver results from their own work spaces, maximizing efficiency and improving work/life balance. The result has been a wonderful corporate culture that has helped us achieve amazing results.”

Slone credits Slone Partners CEO Leslie Loveless and President Tara Kochis-Stach with building and leading a world-class team providing exceptional service to its client partners.

“Working with Adam and the team has been the highlight of my professional career,” said Loveless. “We consistently inspire, challenge, and support one another – all with the goal of creating an amazing experience that exceeds both client and candidate expectations.”

“Adam recruited me fairly early on, but even then, I could feel his great passion for this work, and I believed in his very clear vision for our company’s future. Here we are, 15 years after I joined Slone Partners, and I am so proud of the experienced and talented team that we have been able to build together,” said Kochis-Stach.

“Both Tara and Leslie are smart, caring, passionate people of great character. They have loved and protected the company and have consistently done amazing work on behalf of our clients,” Slone said. “Working with them and the rest of our team, nationwide, is the one thing I have loved most about our business.”

Although Slone has reduced his day-to-day responsibilities with Slone Partners, he remains actively engaged with the firm, with a specific focus in strategy, finance, and business development in Boston and California. He and Slone Partners are also co-founders of Wolf Hill Group, a newly-launched national recruitment firm focused on the cybersecurity industry.

Slone is also founder and president of Life Serve Youth Foundation, a non-profit organization dedicated to empowering achievement and unlocking the full potential of underserved youth through the love of tennis and the character-building experience of sleepaway camp.

“I’ve been playing tennis since I was very young, and it made such a positive impact on me that I wanted to share my experience with kids who otherwise might not be able to have the same opportunities that I had,” he said. “Life Serve hosts a two-week sleepaway camp every summer for young people from underserved communities in Boston, New York, and in between. In addition to high level tennis training, we provide a significant leadership and mentoring component, and ultimately the kids learn that if they work passionately towards any goal, they can do or be whatever they want in this world.”

The culture that Slone instills in the campers at Life Serve is also one that has been carefully cultivated at Slone Partners – built around a commitment to excellence, accountability, teamwork, and respect.

“It’s about core values as a framework,” he said. “We hire smart, passionate, devoted team players with outstanding character. The onboarding process at Slone Partners is very hands on. Our senior people offer considerate and compassionate support from day one for new employees to set them up for success. This is a vitally important part of our company culture. Our senior people received that same courtesy when they were new and they pay it forward.”

“Cultural fit is absolutely essential for our team; people have to fit in. In the early days, we made some mistakes on cultural fit, but we learned from those mistakes. That’s why today, for our clients, cultural fit is the biggest priority we have when vetting candidates. That piece is absolutely critical for us and our client partners,” said Slone.

Slone Partners will mark its 20th anniversary with a special gathering for the entire company later this year.

ABOUT SLONE PARTNERS

Slone Partners delivers the leaders who build amazing life sciences organizations – People Are Our Science®. Since 2000, Slone Partners specializes in delivering world-class C-suite leadership, executive, and upper management talent to the most promising and established life sciences, biotechnology, medical research, diagnostics, precision medicine and laboratory services companies. With coast-to-coast presence in the most active healthcare industry hubs of Boston, San Francisco, Los Angeles, San Diego, Austin, Research Triangle Park, New York, and Washington DC, Slone Partners uniquely and precisely provides an array of executive search and advisory services to exceptional clients. Our full suite of services includes identifying, negotiating with, onboarding, and relocating talent, in addition to post-placement mentoring, success monitoring, and culture fit services. To learn more about Slone Partners’ value proposition and processes, visit http://www.slonepartners.com.

Car Insurance Guide 2020 – Who Pays The Cheapest Car Insurance?


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“Drivers who are in their 40s and 50s are seen as more responsible on the roads and they are less likely to file car insurance claims. For these reasons, car insurance providers are charging them with the lowest car insurance premiums”, said Russell Rabichev, Marketing Director

Compare-autoinsurance.org has launched a new blog post that explains which drivers pay the cheapest car insurance rates.

For more info and free auto insurance quotes, please visit https://compare-autoinsurance.org/drivers-of-what-age-groups-pay-the-least-on-car-insurance/

One very important factor used by car insurance companies to determine their customers’ car insurance premiums is the age of the customers. People in their 40s and 50s are usually paying the lowest insurance rates. Drivers from those age groups are considered to be among the safest and most experienced drivers on the road. Also, they file fewer claims than older or younger drivers. After the age of 25, the car insurance premiums will begin to drop and they will start to rise once again once the drivers enter their 70s.

Besides age, the next major factors can affect the price of insurance:


  • Gender. Young male drivers will pay more on their premiums compared to young female drivers because they are more likely to file an auto insurance claim. On the other hand, male drivers who are in their 40s, 50s, and 60s are filing fewer claims than female drivers from the same age groups and for this reason, they will pay less on car insurance.
  • Driving record. Drivers who have multiple traffic violations will pay more on insurance premiums than drivers with a clean driving record. Car insurance claims, speeding, at-fault accidents and other traffic violations can increase the price of insurance.
  • Address. Drivers who live in areas with higher rates of accidents, insurance claims, car thefts, or vandalism will be charged extra on their car insurance premiums.
  • Vehicle value. An $80,000 vehicle will cost more to repair than a $15,000 vehicle, and this is the reason why expensive vehicles cost more to insure.
  • Safety rating. Safer vehicles are cheaper to insure. Passengers of a safe vehicle are less likely to suffer severe injuries in a collision and that means the insurer will save money on medical bills.
  • Mileage. The annual mileage is one of the most important factors analyzed by the insurers to determine the insurance rates. Drivers who use their cars to commute to work will pay more on their insurance. Car insurance companies consider that persons who stay more on the roads are more likely to be involved in accidents.
  • Discounts. Drivers who are in their 40s and 50s can take advantage of several discounts such as bundling discounts and safe driving discounts.
  • Coverage limits. Drivers who are in their 40s and 50s are likely to have higher coverage limits and additional insurance options. For these reasons, the price of insurance will be higher.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Women in Technology (WIT) Expands Board with Appointment of Six New Directors


WIT Welcomes New Board Members For 2020

“We are so pleased to welcome these talented women to the WIT Board. Each new Board member brings a unique set of skills and talents to the organization, and will help us as we evolve what WIT offers in 2020 and beyond,” said Patti Dismukes, WIT Board President.

Women in Technology (WIT), an Atlanta-based non-profit organization committed to empowering girls and women to excel in STEAM from the classroom to the boardroom, today announced the addition of six new executives to the WIT Board:


  • Elizabeth Hoemeke, SVP, IT Strategy and Global Business Services, Elavon
  • Amy Vasquez, SVP, Strategic Accounts, 3Ci an MAU Company
  • Tracy Ariail, Vice President, Application and Architecture, Republic National Distribution Company (RNDC)
  • Emily Clay, Sr. Director, Product Management, The Home Depot
  • Robbin Jones, Sr. Global IT Product Leader, The Coca-Cola Company
  • Eileen H. Rumfelt, Member Attorney, Miller & Martin, PLLC

WIT’s new Directors join WIT’s existing Board of Directors:

  • Patti Dismukes, VP of Professional Services, HUNTER Technical, and WIT Board President
  • Tracy Garner, VP, AT&T (Retired), and WIT Board Chair
  • Nancy Cox, CEO, Boxford Wood Consulting, and WIT Board Vice-President
  • Mary Ellen Marcilliat-Falkner, EVP and Chief People Officer, Cox Media Group, and WIT Board Secretary
  • Shirl Stroeing, SVP and CIO, Paradies Lagardere, and WIT Board Treasurer
  • Dani Cushion, CMO, Cardlytics
  • Christina Critzer, SVP Head of Change & Transformation, Truist
  • Wendy Frazier, Director of Consumer Software Engineering, The Weather Company, an IBM Business
  • Monika Mueller, SVP, Consulting Services, Softensity

“We are so pleased to welcome these talented women to the WIT Board. Each new Board member brings a unique set of skills and talents to the organization, and will help us as we evolve what WIT offers in 2020 and beyond,” said Patti Dismukes, WIT Board President. “With these new leaders representing a diverse group of companies and backgrounds, the WIT Board will remain squarely focused on supporting WIT President and CEO Penny Collins and her team as they bring powerful STEAM-based programs and education to girls and women throughout Georgia.”

In 2019 alone, nearly 2,500 girls and young women and 14,000 women in careers were inspired, motivated, and supported in their pursuit of a STEAM career by WIT. We donated $180,000 in scholarships, and provided STEAM-based opportunities for girls and women to learn and grow. But with more than 35,000 new STEAM jobs opening each year, and a 4:1 ratio of men to women graduating in STEAM careers, there is still so much opportunity for us to make a difference.

About Women in Technology (WIT)

Women in Technology (WIT) empowers and educates women and girls about opportunities in science, technology, engineering, arts, and math (STEAM) by educating middle and high school girls, and young women in college, and by sharing the stories of successful professional women in STEAM. Our team of more than 300 volunteers delivers professional development and networking opportunities to our more than 3,000 professionals, and programs at no cost to more than 1,500 students. From the classroom to the boardroom, WIT is committed to bringing the best STEAM content and programming to women and girls in Georgia.

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The Most Valuable Car Insurance Add-ons Drivers Should Buy


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“Car insurance add-ons can be very useful in certain situations like a car break down, or first-time accidents”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents several useful car insurance add-ons that drivers should purchase.

For more info and free car insurance quotes, please visit https://compare-autoinsurance.org/policy-add-ons-consider-buying/

To legally drive on the roads of the US, drivers are required to purchase car insurance. Each state has its own requirements for car insurance. In addition to the state’s minimum insurance, drivers can add some extra add-ons to their policies. These add-ons can be really useful in certain situations and drivers should consider buying them.

The most popular car insurance policy add-ons are the following:


  •     Accident forgiveness. This add-on is very useful for drivers that were at-fault for the first time in a car accident. Drivers that have this add-on will be forgiven for their first at-fault crash, therefore their insurance rates will remain the same and will not increase as it’s normal after an at-fault accident. While some insurers offer this add-on for free, others will require the drivers to pay an extra fee. Drivers can qualify for accident forgiveness if they have a clean driving record and a no-claims history.
  •     Roadside assistance. This coverage helps drivers when their vehicle breaks down. Generally, roadside assistance includes services like towing, battery service, flat tire service, fuel delivery, lockout service, and extrication. If the service professional cannot restore the broken vehicle to a state in which it can be safely driven, then the vehicle will be towed to the nearest mechanic shop.
  •     Vanishing deductible. This optional feature will help drivers reduce the value of their comprehensive and/or collision deductible by an amount that is between $50 and $ 100 at the begging of their policies and then the same amount annually until it reaches zero. As long as the driver makes no claims, this option will remain active. An increasing number of insurers are offering this add-on to their customers.
  •     Gap insurance. This optional coverage is very useful for drivers that own a brand-new car that is being financed or leased and have purchased comprehensive and collision coverage. Gap insurance will pay the difference a driver still owes on his vehicle and its actual cash value. Insurers will determine the vehicle’s worth at the time of the accident, not at the time the driver bought it. In most cases, there will be a difference between what an insurer pays and the total amount a driver owes to the bank or lender. Drivers that don’t own gap insurance will have to pay for the difference with their own money.


For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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FEIN Power Tools, Inc., a manufacturer of high-quality power tools and accessories, is pleased to announce the promotion of Ray Bellavance to President of its US division


Ray Bellavance

“I am excited by this opportunity and look forward to growing FEIN’s brand in the premium power tools industry,” said Bellavance.

FEIN Power Tools, Inc., a manufacturer of high-quality power tools and accessories, is pleased to announce the promotion of Ray Bellavance to President of its US division.

Bellavance first joined FEIN as Vice President of US Sales in 2017. In this new role, he oversees all go-to-market planning and FEIN’s organizational structure, in addition to leading the sales and management teams.

Throughout his 25-year career, Bellavance held many top-level management positions in the power and hand tools industry. Prior to FEIN, he served as Director of Sales and Marketing for Jensen Tools + Supply. He started as a salesperson for Dexter Corporation and progressively advanced into roles at Stanley Black & Decker, Danaher Tool Group, and Craftsman. He received a bachelor’s degree in psychology from Excelsior College.

“I am excited by this opportunity and look forward to growing FEIN’s brand in the premium power tools industry,” said Bellavance.

For more information regarding this exciting announcement, please call 800.411.9878.

To learn more about FEIN Power Tools and its products, please visit our website at http://www.feinus.com.

FEIN is your partner for first-class power tool systems.

FEIN is renowned as a globally active company with roots in Germany that is synonymous with high-quality power tools and accessories, designed for the toughest jobs in industry and manual trades. Having laid the foundations by inventing the electric hand drill, the first power tool in the world, in 1867, Wilhelm Emil Fein founded the FEIN company. FEIN now holds more than 700 active industrial property rights, including around 500 patents and patent applications. FEIN focuses on products and services that are ideal problem solvers for metalwork and are marketed by over 16 subsidiaries and more than 50 offices around the world. As an independent family-run business, FEIN embodies an open corporate culture, attaches great importance to human interactions and provides plenty of space for innovative ideas. The company headquarters in Schwäbisch Gmünd-Bargau are home to the largest production site, which works in close collaboration with other sites in Asia and North America, ensuring consistently high manufacturing quality at all locations. The company employs around 800 members of staff globally, delivering a great deal of ingenuity and commitment to service, including setting future milestones in the development of premium power tool systems. This is precisely why FEIN is seen as professional – and has been for over 150 years. http://www.fein.com

Press contact:

Lyndsey Barrett    

FEIN Power Tools Inc.

1000 Omega Drive

Suite 1180

Pittsburgh, PA 15205

Phone 1.800.441.9878

E-mail lyndsey.barrett@feinus.com

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Why Drivers Should Bundle Home And Car Insurance Policies


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“Many drivers resort to bundling when they need to save car insurance money. In many cases, policyholders can manage to save hundreds of dollars per year. However, bundling is not always the best option”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how drivers can save car insurance money after bundling home insurance and car insurance.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/you-can-save-money-by-bundling-your-home-and-car-insurance-policies/

Bundling is a well-known method used to save car insurance money. Drivers that are bundling at least two insurance policies to the same provider will get a discount. Drivers that want to bundle their policies should contact their new insurers and explain their situations. Then they should cancel their current policies or wait for them to expire before signing a new deal.

Drivers that are bundling their home and car insurance policies should know the following:


  • Bundling can save money. Families can pay several thousand dollars per year on insurance products. In most cases, bundling can save between 5% to 15%. While some persons might believe that bundling can save as much as 50% of insurance costs, the reality is that bundling can save a lot less than that.
  • Other advantages of bundling. First, bundling can significantly reduce the risk of coverage gaps. Insurance providers know that their customers like to bundle, so they have built their policies to be interlocking. By doing so, the risk of coverage gaps is minimized. Secondly, bundling will reduce overlapping between policies. Thirdly, drivers can pay one monthly bill for both car and home insurance. And at last, bundling car and home insurance are convenient by having to deal with one insurance company, one insurance agent and one monthly bill.
  • Disadvantages of bundling. Bundling is not always the right option. In some cases, having separate policies is better. For example, some home insurance providers can offer a driver an insurance deal that is worth $1,100. The actual car insurance provider charges $1,600 on car insurance and they offer a home insurance deal that is worth $1,500. Furthermore, the actual provider can bundle these policies and make an offer that is $2,800. In this case, is better to have two separate policies.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Sage Hospitality Group Welcomes Daniel del Olmo as President of Sage Hotel Management


Daniel del Olmo joins Sage Hospitality Group as President of Sage Hotel Management

Sage Hospitality Group, one of the nation’s leading hospitality investment, development and management companies, announced today that Daniel del Olmo has joined Sage as president of the company’s hotel management arm. In this role, del Olmo will have comprehensive oversight of Sage Hotel Management’s hotel and restaurant operations. He will be tasked with creating and executing strategies that strengthen and grow the division, as well as meeting all operational and financial goals.

“Daniel is an exemplary leader with a proven track record and expertise in leading hotel and restaurant operations to success,” said Sage Hospitality Group’s President and CEO Walter Isenberg. “He also demonstrates a passion for being on the pioneering edge of the hospitality industry, and I sincerely look forward to his contributions to our portfolio and our teams.”

Del Olmo is a senior hospitality executive with extensive experience in global business strategy, brand management, hotel/restaurant operations and business development. His expansive career includes an 11-year tenure with Wyndham Hotel Group in multiple senior and executive level roles, including Senior Vice President & Managing Director for Latin America, where he managed a portfolio of more than 115 hotels and seven brands in 11 countries.

“For years, I have admired Walter and the talented team at Sage Hospitality Group for the genuine dedication to the communities that Sage hotels and restaurants serve and for their innovative and highly relevant approach to lifestyle hospitality,” Del Olmo said. “I am both humbled and honored to join the team at such a critical juncture and am thrilled about the opportunity that lies ahead.”

He comes to Sage from The Passionality Group, a company he cofounded that has a focus on advising and investing in emerging hospitality brands that invoke genuine passion, represent authentic hospitality innovation and exhibit meaningful potential for growth. Prior to founding The Passionality Group, del Olmo served as Chief Executive Officer of sbe’s Disruptive Restaurant Group where he led their award-winning global portfolio of more than 140 owned, managed and licensed restaurant brands, lounges, and nightclubs with annual sales exceeding $500M. He has also held senior positions with renowned hospitality companies, such as President of International at Dine Brands Global. In addition to his operations career, Daniel has progressed through leadership roles in marketing and ecommerce for Meliá Hotels International and Amadeus North America. Del Olmo is a member of Young Presidents Organization (YPO) and board member of Pantomonium Productions.

Del Olmo joins Sage Hospitality at an exciting time of growth, with a number of development projects in the pipeline that will add to the company’s dynamic portfolio of more than 50 hotels across the U.S. Current projects under development include the Milwaukee Athletic Club in Milwaukee, WI, and two projects in Denver – one at McGregor Square near Coors Field and another in the RiNo Art District. To learn more about Sage Hospitality Group’s growing portfolio of hotels and restaurants, visit sagehospitality.com.

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Media Contact:

Kelly Bajorek

Director of Public Relations and Social Media

Sage Hospitality Group

720-482-3086

kelly.bajorek@sagehospitality.com

About Sage Hospitality Group    

Denver-based Sage Hospitality Group was founded in 1984 and continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment. Sage is known for outstanding relationships with hotel brands and creating places that people want to go to, not through, including 10 unique restaurant concepts by Sage Restaurant Concepts and independent luxury properties by Sage Hotel Management. To learn more about Sage, visit http://www.sagehospitality.com.

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Branded Prepaid Cards Take Up Residence with Growing Number of Online Insurers to Speed Home and Other Insurance Claim Payments, According to Axiom Prepaid Holdings


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“Insurance was the next logical industry for white label prepaid cards. With the card programs we build for insurance clients, they know the cards they issue to their own customers will be accepted by most vendors, are fraud-protected, can be used at ATMs and don’t require a trip to the bank.”

A prepaid card without a logo would be like a billboard without an advertiser. With prepaid cards continuing to grow at a dramatic rate year-over-year, online insurance companies are becoming the latest business sector to jump on the bandwagon to speed claim payments, reduce costs, boost brand reputation, and add value to their service offerings, according to experts from Axiom Prepaid Holdings, a global provider of end-to-end payment solutions that include Mastercard® and Visa® prepaid cards.

White label prepaid cards bear the logo and name of a third party and have been proven to increase brand visibility with each swipe as well as build customer loyalty and even provide a revenue stream. In the insurance realm, the cards are gaining popularity as a means of streamlining processes and paying claims faster versus issuing check payments – especially in the cases of recurring payments and for payments to those without checking accounts. Insurers can now simply load payments to the customer’s card rather than issue multiple checks.

“Insurance was the next logical industry for white label prepaid cards to take hold,” said Steven Foster, CEO of Axiom Prepaid Holdings, which launched its White Label Program last year. “With the white label Mastercard® and Visa® prepaid card programs we create for insurance clients, they know that the cards they issue to their own customers will be accepted by most vendors, can be used at ATMs for cash withdrawals and do not necessitate a trip to the bank. And if a card is lost, fraud protection is assured.”

Axiom uses advanced digital tools to ensure its White Card Program experience is seamless for clients. Its operations team handles administration and provides a secure infrastructure for processing, reporting tools and integration of cardholder services to businesses’ existing applications and websites. Standard features of the programs include card-to-card payments, ATM access, direct deposit load, generated statements, 24/7 help, fraud protection, virtual card access and SMS/email alerts along with built-in compliance safeguards. Axiom likewise gets its clients’ programs up and running in as little as three months.

“There is a great deal of expertise that goes into running a white label program and we provide that. Our advanced digital tools, compliance expertise, and overall industry-leading knowledge of prepaid card programs allow insurers to keep their attention on operating their businesses while we make sure their brand is gaining continual traction and that their customers are satisfied with their cards,” said Nick Cloonen, Chief Compliance Officer, Axiom Prepaid Holdings. “We live in an increasingly cashless society and it stands to reason that the insurance arena can provide important support to its policyholders by utilizing prepaid cards to make the difficult times that often come along with an insurance claim a little easier.”

About Axiom Prepaid Holdings:

Axiom Prepaid Holdings was born of the desire of two entrepreneurial-minded banking industry veterans to turn the prepaid card model upside down. To make banking simple. To give consumers and businesses around the globe access to innovative, easy-to-use, digitally driven, fun, flexible and secure products and services. Today, Axiom has 9 offices and conducts business in 20 countries. Every day, the Axiom team strives to create 100% turnkey solutions to help cardholders gain economic freedoms and help businesses achieve growth and success. To learn more about Axiom Prepaid Holdings, please visit: http://www.axiompph.com.

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Now Accepting Speaking Proposals for the 2020 Data Architecture Summit


supremely practical conversations in all facets of the event – during the presentations, between the attendees, and on the product exhibit floor

DATAVERSITY Education, LLC opened the Call for Presentations for the fourth annual Data Architecture Summit (DAS), which will be held October 19-23, 2020, at the Drake Hotel in Chicago, Ill. Proposals must be received by March 13, 2020 in order to be considered. For more event details, visit http://dataarchitecturesummit.com.

The four-day event will feature a broad range of sessions on how to design and manage a modern data architecture, covering everything from data strategy and governance to analytics architecture, data modeling, graph database technologies, and new data management tools.

More than 400 industry professionals attended last year’s DAS conference, which featured “supremely practical conversations in all facets of the event – during the presentations, between the attendees, and on the product exhibit floor,” says DATAVERSITY CEO and Program Chair Tony Shaw. “It was architect-to-architect, talking business, technology, and data design.”

The conference committee seeks proposals for 60-minute conference sessions and panel discussions, five-minute “lightning” talks, three-hour tutorials and workshops, and full-day seminars that will take a more in-depth, hands-on approach. Speaker invitations will be sent beginning on April 13, 2020. Visit https://das2020.dataversity.net/cfp.cfm for a full list of guidelines, suggested topics, and deadlines.

About DATAVERSITY:

DATAVERSITY is a producer of educational resources for business and information technology professionals on the uses and management of data. Our team strives to provide high-quality content to the worldwide community of practitioners, experts, and developers who participate and benefit from our face-to-face hosted conferences, free online conferences, live webinars, white papers, online training, daily news, articles and blog posts, and much more. For more information, please visit http://www.dataversity.net.

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