Insurance Woes Impede Recovery
A lack of affordable insurance puts Portland businesses at risk of property damage and theft.
On May 30, 2020, during demonstrations for social justice in Portland’s downtown, someone broke the storefront window of Mercantile Portland, a high-end women’s clothing store on the corner of Southwest Alder Street and Park Avenue. Over the next several hours, thieves stole goods and vandalized the interior.
The shop was closed for the next four months as the owner fixed windows and cleaned up the place. The total for the repairs and the stolen goods came to $1 million, says Eric Murfitt, controller of Mercantile Portland.
Honeywell, Sichuan Airlines ink deal on auxiliary power units
LONDON, January 7, 2021 Sichuan Airlines has selected Honeywell’s 131-9A auxiliary power units (APUs) for its A320 fleet of aircraft. As part of a five-year agreement, Honeywell will provide the 131-9A APU for Sichuan Airline’s 93 new A320 aircraft that will enter service by 2025. The airline will also replace the APUs on its 141 existing A320 aircraft with the same Honeywell APU. This is the largest APU retrofit deal in Honeywell’s history. The 131-9A APU will help Sichuan Airlines reduce flight delays and cancellations, creating a more pleasant flying experience for passengers.
It doesn t cover civil unrest : Downtown Portland businesses face rising insurance costs, decreased coverage after riots
Insurance underwriters are taking riots and damage into account when choosing whether or not to renew some policies. Author: Katherine Cook Updated: 11:26 PM PST January 5, 2021
PORTLAND, Ore. In downtown Portland, plywood and graffiti are the new cityscape. Only, it isn’t new, anymore.
Since late last spring, businesses have been dealing with damage and looting from riots and protests, most recently a New Year’s Eve riot organized by an anti-capitalist group. In May, Mercantile Portland on SW Alder suffered over $1 million dollars in damage and looting during a riot in response to the death of George Floyd.
Share:
SHANGHAI, Jan. 6, 2021 /PRNewswire/ Sichuan Airlines has selected Honeywell s (NYSE:HON) 131-9A auxiliary power units (APUs) for its A320 fleet of aircraft. As part of a five-year agreement, Honeywell will provide the 131-9A APU for Sichuan Airline s 93 new A320 aircraft that will enter service by 2025. The airline will also replace the APUs on its 141 existing A320 aircraft with the same Honeywell APU. This is the largest APU retrofit deal in Honeywell s history. The 131-9A APU will help Sichuan Airlines reduce flight delays and cancellations, creating a more pleasant flying experience for passengers. We are pleased to collaborate with Honeywell. We hope that the outstanding performance of its legendary APUs will help us improve operational efficiency, said Li Yue, executive vice president of Sichuan Airlines. With the aviation industry being significantly impacted by COVID-19, reliable and innovative products and solutions are highly demanded for airlines recovery a
CyberLink Will Showcase New FaceMe® eKYC and Fintech Solutions at CES 2021
CyberLink Will Showcase New FaceMe® eKYC and Fintech Solutions at CES 2021
CyberLink Corp. (5203.TW), a pioneer in AI and facial recognition technologies, will showcase new applications of its state-of-the-art FaceMe technology for the banking, financial services and insurance (BFSI) industry at the all-digital Consumer Electronics Show January 11-14, 2021. CyberLink will also feature its innovative software solutions, FaceMe Health for pandemic control, and FaceMe Security for
access control, authentication and security. FaceMe eKYC and fintech solutions, deployable at the edge, offer the BFSI industries the ability to conduct secure, real-time biometric verification and identity recognition. FaceMe’s eKYC technology offers financial institutions the ability to match a person’s photo to their ID in person or virtually, protecting customers against identity fraud whether theyre at a branch, or acce