Independent insurance agents are finding that consumers are making significant and costly mistakes when they are purchasing insurance over the internet. In a recent survey of Virginia independent insurance agents, 31 percent indicated that they have had to correct costly mistakes that consumers have made when they have purchased insurance on-line.
Search Results for: state fair
Home builders anxiously wait it out
Anyone who has anything to do with putting up a house – electricians, plumbers, flooring contractors, painters – have all reacted to slower demand by cutting capacity. A Q&A with Gray Stettinius, president of the Home Building Association of Richmond. Perhaps no industry in Richmond has slowed down as much as homebuilding. Without more sales,… Read more »
The Boss is Watching…and Listening
Your employer is watching you. And there’s nothing you can do about it. Corporate surveillance technology is getting stealthier, more advanced and more widespread. Sixty-six percent of employers monitor their worker’s computers on a daily basis.
Business loans harder to get
Bankers are taking longer to issue business loans and asking for more collateral when they do issue them, according to bankers around Richmond. Even companies with solid credit and long-established relationships are having more trouble getting financing, which is an essential ingredient for growth. The number of loan requests, meanwhile, is also falling. “Entrepreneurs feel… Read more »
How do you say Shalom with a Richmond accent
Eight Israeli life science startups will establish their worldwide headquarters in Richmond. “This is clinical and scientific economic development,” said Donna Edmonds, the head of the nascent Virginia Biosciences Commercialization Center (VBCC), an off-shoot of the Virginia BioTechnology Research Park that helped lure the companies to town.
Richmond Banks Still Lending
Some Richmond-area banks are growing pickier about which businesses get financing. With a possible recession on the horizon, banks are extra careful to protect their investments. And there’s less money to lend, bankers say, in part because of fallout from residential mortgages (read: subprime meltdown).
Stop throwing away money
Richmond businesses can cut their trash bill by more than 13% percent, particularly offices and restaurants, if they start recycling. No concrete figures exist about how many businesses recycle, but interviews and a driving tour of suburban office parking lots and downtown alleys suggest it’s not exactly popular (despite endless headlines about “going green”) One… Read more »