The excitement continued on day two of Enservio’s Property Innovation Summit. Rob Chase once again took the stage to get our second day started. Continue reading
Paper checks are definitely on the way out. There were 49.5 billion checks issued in 1995, falling to 30.5 billion in 2006, and just 24.5 billion in 2009, according to the Federal Reserve. Switching to electronic payments can be a major money saver. The U.S. Treasury switched to direct deposits and debit cards and retired paper checks. It’s expected that the move will save taxpayers $1 billion over the next decade. Continue reading
The highest price paid for a work of art was $250 million in 2011. Obviously, there’s a lot of money in selling art. Unfortunately this also means there is a lot of money in producing forgeries.
One notable forger sold $60 million worth of phony Vermeers to a slew of people throughout Europe before being caught. When it comes to appraising fine art even the experts can get duped and when they do, buyers pay too high a price. Continue reading
Did you know that, by 2013, almost all government benefits payments will be made via direct deposit? That sounds extremely efficient and convenient, doesn’t it? And “efficient” and “convenient” are not necessarily words that are often associated with the act of being given money for any reason.
Modern business has always evolved around one specific material: paper. And the insurance industry was no exception to this rule. Money is made of paper, first of all. Paper was the surface on which important documents were forged and signed. Paper was also what made up the checks that insureds received in the mail when it was time for any given insurance company to make good on a policy promise.