Wednesday, May 27, 2020

Times Square billboards going dark to support coronavirus business interruption claims | wwltv.com

NEW ORLEANS — A New Orleans attorney is behind a plan to have 15 electronic billboards in New York's Times Square go dark at 9:00 Eastern Time on Wednesday.

Back in March, WWL-TV was the first to report on Houghtaling's efforts to get insurance companies to pay business interruption claims for the coronavirus shutdown. Houghtaling represents the French Quarter restaurant Oceana Grill in the first lawsuit filed against an insurer that won't pay for losses caused by the pandemic.

Publisher: wwltv.com
Date: 5/27/2020 5:46:36 PM
Twitter: @WWLTV
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While you're here, how about this:

Lawmaker Details Federal Reinsurance for Pandemic Business Interruption, Event Losses

“This is the only bill I have written that people are endorsing even before it’s introduced,” Maloney said, joined by representatives of business associations for the nonprofit, travel and retail sectors at a press briefing on March 26.

“We want to solve a market failure by allowing companies to purchase business interruption insurance that covers pandemics so that they can stay in business and keep their workers employed when they’re forced to close during public health emergencies,” she said.

Publisher: Insurance Journal
Date: 2020-05-27T13:36:31 00:00
Twitter: @ijournal
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Jewelry store stocks groceries so it can open as 'essential' business during state shutdown

Outside Krautheim and Swanson GemWorks in Muskegon, Michigan on Tuesday, May 26, 2020. Alison Zywicki | azywicki@mlive.com

MUSKEGON, MI - A local jewelry store sparked a stir on social media last weekend when it announced that it had begun selling groceries in order to qualify as an essential business.

"We are open!" read a May 23 post on the Facebook page for Krautheim & Swanson GemWorks, 4851 Harvey Street. "We now have a small grocery department so we are an 'Essential' business."

Publisher: mlive
Date: 2020-05-27T16:00:19.514Z
Author: avanwagt
Twitter: @mlive
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Coinbase Buys Crypto Trading Firm Tagomi To Boost Institutional Trading Business

Coinbase CEO Brian Armstrong. With the company's newest acquisition of Tagomi, he's making a deeper ... [+] push into institutional trading.

Coinbase, the largest cryptocurrency company in the U.S., is acquiring the two-year-old, 20-person digital asset trading firm Tagomi for a price between $75 and $100 million, say multiple people familiar with the situation. 

Campbell declined to comment on any details of a potential "earn-out" contract, where entrepreneurs are typically guaranteed a large, additional payout if they meet certain goals and remain at the acquiring company for a specified number of years.

Publisher: Forbes
Date: 2020-05-27
Author: Jeff Kauflin
Twitter: @forbes
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Check out this next:

Disney World to reopen July 11 with masks, temperature checks required - Business Insider

Walt Disney World is set to reopen this summer — with masks and temperature checks required — after it closed because of the coronavirus pandemic.

Disney did not immediately respond to a request for details about other restrictions the park could deploy as it seeks to reopen. It's likely it could limit capacity, as it did when it reopened its park in China.

logo
Publisher: Business Insider
Date: 2020-05-27
Author: Bryan Pietsch
Twitter: @BI_RetailNews
Reference: (Read more) Visit Source



Hattiesburg business not allowed to reopen files lawsuit against city

The owners of a trampoline park in Hattiesburg have filed a lawsuit against the city for not being allowed to open even though other facilities, such as restaurants and gyms, are able to relaunch their businesses.

The lawsuit was filed Friday in federal court and names the city of Hattiesburg and Mayor Toby Barker as defendants. The city has until June 12 to respond.

City spokeswoman Samantha McCain said city officials cannot comment because it is pending possible litigation.

Publisher: Hattiesburg American
Author: https www facebook com licibeveridge
Twitter: @hburgamerican
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Congress shifts coronavirus focus to small business aid | Fox Business

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An overhaul of small business aid will be the next thing Congress focuses on in hopes of helping employers reopen shops and survive  coronavirus pandemic.

Legislation that would give small employers more time to take advantage of federal subsidies for payroll and other costs is expected to pass the House this week.

Publisher: Fox Business
Date: 2020-05-27
Twitter: @FoxBusiness
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Oakland County unveils guidance on reopening business amid COVID-19

Oakland County says it will distribute 10,000 COVID-19 safety toolkits which include facemasks, no-touch thermometers, gloves and sanitizer to give small businesses essential materials for reopening and customers confidence they will have a safe experience.

Oakland County Executive David Coulter today said the self-contained "Oakland Together" plastic totes will be taken to 50 locations throughout the county for distribution by downtown development authorities, city managers, economic development officials and chambers of commerce.

Publisher: WDIV
Date: 2020-05-27T17:50:40.078Z
Twitter: @WDIV
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