Earlier this year, the COVID-19 pandemic dealt a severe blow to the U.S Manufacturing sector, which had already been reeling under waning global demand and the long-standing U.S.-China trade tensions. The pandemic-induced supply-chain disruptions, factory closures due to government restrictions worldwide, bleak demand as well as volatility in the energy market have battered the sector.

However, the U.S manufacturing sector seems to be gaining momentum, of late, as evident from the pick-up in manufacturing activities over the past few months, spurred by steady resumption of business, factory operations and other economic activities. Moreover, uptick in construction demand and various government stimulus packages are bolstering the sector.

Manufacturing Rebounds for 4 Straight Months

Per the Institute for Supply Management, the U.S Manufacturing Purchasing Managers’ Index (PMI) logged 55.4% growth in September, which came a tad below 56% in August — the highest  so far in 2020. Notably, a reading above 50 denotes expansion in activity and the September PMI reading marks expansion in the sector for four consecutive months after remaining below the 50 mark from March to May primarily due to the pandemic. Notably, in April, the PMI index had slipped to 41.5% — the lowest reading since April 2009. Hence, the sector is coming out of the crisis and this recovery holds optimism for overall economic growth, as the manufacturing sector accounts for 11% of the U.S. economy.

Of the 18 manufacturing industries, 14 reported growth in September. The New Orders Index registered 60.2% growth in September, down from August’s 67.6%. The Production Index dipped to 61% from August’s 63.3%. The Employment Index grew to 49.6% in September from 46.4% in August.

Moreover, the IHS Markit reported that the US Manufacturing PMI rose to 53.2 in September from August’s 19-month high level of 53.1. The September reading demonstrates the

BOSTON, LONDON and PARIS, Oct. 8, 2020 /PRNewswire/ — NelsonHall, the leading global analyst firm dedicated to helping organizations understand the ‘art of the possible’ in digital operations transformation, is delighted to appoint two new analysts in response to growing demand for business process services insight in the insurance, healthcare & life sciences, and pharmaceuticals sectors. These industries are becoming increasingly important in the current climate, and are undergoing major operational change, which is driving the need for deeper and more focused guidance on how organizations can transform their operations to thrive now and into the future.

Alisa Samoylova, based in London, has a background in scientific research and biotechnology, and also in procurement. After her initial assignment looking at procurement transformation, Alisa will focus on the pharma sector, starting with a major study of vendor capability from an operational perspective.

Ashley Singleton, based in Houston, is an experienced health insurance product development manager and business planning analyst, and will focus on healthcare payer and provider, as well as the wider insurance sector. Her initial assignment will be a major study of healthcare payer transformation.

These key appointments are the latest additions to NelsonHall’s global team, which is expanding in response to market demand for its unique brand of rigorous and insightful research and advice. John Willmott, NelsonHall’s CEO, said “I’m delighted to welcome Alisa and Ashley to our global analyst team, which is continuing to grow as organizations look for primary fact-based analysis that cuts through the market confusion. Now more than ever, organizations need to be able to see beyond the hype and soundbites to understand what’s really happening within their industry and how best to navigate these challenging times.”

About NelsonHall:

NelsonHall is the leading global analyst firm dedicated

Figure 1

QMX 2020 Drill Target Areas
QMX 2020 Drill Target Areas
QMX 2020 Drill Target Areas

Figure 2

QMX’s extensive and target-rich land package
QMX’s extensive and target-rich land package
QMX’s extensive and target-rich land package

TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) — QMX Gold Corporation (“QMX” or the “Company”) (TSX:V:QMX) is pleased to announce it is increasing its drilling plans to more than 45,000 metres, from 35,000m, by year end, and is pleased to provide an update on its current exploration activities. QMX continues to be extremely active with four drill rigs on three different projects located on its nearly 200 km2 Val d’Or Camp property located east of the city of Val d’Or in the prolific Abitibi Greenstone Belt in Québec (Figure 2).

Highlights include:

  • At least 45,000m will be drilled before the end of 2020, up from 35,000m.

  • New 9,000m exploration program west of New Louvre and to the south of the Bonnefond deposit.

  • A 4,000m deep exploration program on the Bonnefond intrusive to follow up on recently released deep target zone.

  • 8,500m to be drilled on the River TargetExpanding the initial 5,500m program.

  • Commenced a 3,000m reconnaissance drilling program on the Poulmaque area.

  • Planning a 35,000m winter drilling program on the East Zone focusing on the Bevcon intrusive and the 5km trend between Bonnefond and Bevcon.

We are delighted to report our recent exploration successes,” says Dr. Andreas Rompel, Vice President Exploration of QMX, “and are looking forward to our increased exploration program for the rest of this anomalous year. We have identified the targets and designed the programs to both expand Bonnefond, our flagship project, and add more substance to our other target areas.’’

Following on very successful results throughout 2020, QMX is

Narragansett Bay Insurance Company (NBIC) began writing property and casualty insurance in Delaware and Maryland, effective Oct. 1, 2020.

The two states mark the seventh and eighth states where the company provides homeowners insurance. NBIC already provides homeowners insurance in Rhode Island, Connecticut, Massachusetts, New York, New Jersey, and Virginia.

Residents of Delaware and Maryland will have access to NBIC’s insurance products through a network of local independent agents.

NBIC recently hired David Lynch of Baldwin, Md., to join the company as assistant vice president, Territory Manager of Delaware and Maryland. Lynch has over 20 years of experience in the insurance industry, most recently as Maryland Territory manager for Cumberland Insurance Group. At NBIC, Lynch will be responsible for building the company’s distribution partner platform and managing all aspects of the territory as the company expands into these states.

Narragansett Bay Insurance Company, a wholly-owned subsidiary of Heritage Insurance Holdings, Inc., offers specialty insurance services and products to homeowners through an extensive network of independent agents along the Eastern Seaboard.

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of agents, the company writes approximately $1 billion of gross personal and commercial residential premium across its multi-state footprint.

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In a filing, Lyft (LYFT +0.7%) reveals expanding its insurance carrier partnerships to include Allstate, Liberty Mutual, and CSAA subsidiary Mobilitas.

Lyft plans to continue working with Progressive, AXA-XI, and Constitution State Services, which is Travelers’ third-party administrator.

The ride-hail company expects the changes to reduce potential volatility in its insurance costs for the policy year ending on September 30, 2021.

Lyft requires drivers to have personal auto insurance that meets the minimum state requirements, but notes that not all personal policies will cover accidents that happen while driving for the company.

For cases where personal coverage doesn’t apply, Lyft offers third-party liability coverage through its partner network.

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