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Asru The Beginning Of The End Of Black Friday
When it comes to insurance, gauging risk and premiums, every bit of data 鈥?and every mile 鈥?counts.To that end, as Bloomberg reported, insurance giant Allstate is partnering with Ford Motor Co. that will enable data sharing through telematic stanley cup s.As reported, a number of vehicles from Ford and Lincolns 2020 model year, sporting embedded modems, will connect with Allstates Milewise usage-based insurance offering.Under Milew stanley italia ise, premiums are based on the number of miles driven by subscribers and is offered across 14 states.Last week, Allstate said that it is piloting a new format for the Milewise program in Arizona, where insurance rates are adjusted weekly 鈥?where in other instances, the premium has been adjusted every several months.聽 As reported by repairerdrivennews, two-thirds of driv stanley de ers in the Arizona pilot have been seeing their rates tied to per-mile charges decrease on a weekly basis.Allstate Senior Vice President Ginger Purgatorio told Digital Insurance that With Milewise, the customers behavior impacts the weekly per-mile rate, and now the customer can observe their behavior and get an immediate reaction to behavioral changes through recalculated rates. She told the site that we had the younger urban millennial in mind, but weve seen some relatively good success with retirees or people who work from home and happen to not drive as much. The pact between Ford and Allstate follows an announcement last week that Ford would work with Liberty Mutual in a telematics offerin Emol Shein and Temu Aim to Move Production to Avoid US Tariffs
Of the hundreds of thousands of freight carriers in the U.S. today, the vast majority are small fleets stanley usa with only a handful of trucks. These companies have minimal credit histories in an industry notorious for tight cash flows, and that struggle to access traditional bank loans has emerged as a big opportunity for the invoice financing industry.The appeal of factoring services for small carriers often stems from invoice payment delays in an environment where getting paid is essential to booking the next job, noted Rich Piontek, president of fleet financing company eCapital. Even when invoices are paid consistently, a relatively short wait of a month or so introduces a range of receivables management challenges.Many brokers pay carriers quickly, cleanly and reliably in 21 to 45 days 鈥?but that just won ;t work for a business that is fairly cash-intensive, and not very well-capitalized, Piontek recently told PYMNTS. These are growing companies, and i stanley cup n that regard, cash flow is always a challenge.Brokers and shippers all have different versions of what they consider to be fast invoice payments. Even so, Piontek said, these carriers need cash as soon as a job is complete in order to finance the next one.Tracy Groves, senior vice president of marketing and sales at eCapital, noted stanley kubek that this scenario is precisely why invoice financing has become so prevalent in the fleet and freight space.Invoice financing has been around for lit |
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