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first_imgSunday 27 February 2011 11:06 pm Tags: NULL Why premiums will keep falling despite the New Zealand quake whatsapp Share Show Comments ▼ THE earthquake that devastated Christchurch in New Zealand last week also shattered insurance companies’ hopes of a quieter year for disasters than 2010.The quake, which has claimed more than 100 lives and devastated historic and commercial city centre buildings, may cost the industry $12bn – more than double the $5.5-6bn insured cost of the quake that flattened parts of the city’s suburbs last September. It’s an ominous sign for insurers with exposure to the Antipodean region, following a season of extreme events including flooding across chunks of Australia, cyclones in Cairns and bush fires at Perth.“2011 is starting off as another active year for insured losses,” RBS analyst Joanna Parsons said. “The insurance sector is bound to be weaker on the news.”The tremor also followed a busy past year for catastrophes. 2010 had the second-highest number of natural disasters on record, with 960 loss events that left the global insurance industry with a $37bn bill, according to Munich Re. “The number of catastrophes documented in 2010 far exceeded the average for the last ten years,” Munich Re’s reinsurance chairman Torsten Jeworrek said.But it is not yet clear whether insurers’ losses are high enough to push premiums up. “The issue…for the wider insurance industry is how many major catastrophe losses will occur in 2011, which has implications for year-end profit before tax, and at what point the ‘pain’ triggers a broad pricing re-rating,” Parsons said.The insurance industry says it has spare capacity, and the large pools of capital firms have available to underwrite risk have upped competition for business. The result is lower premium rates every year, including a 7.5 per cent fall in the 2011 renewals. Underwriters are clear that to return premiums to a growth path the industry needs a seriously large loss. Peel Hunt analysts led by Stuart Duncan said of the earthquake: “While this event is very saddening and will be costly, it is not a market moving event, with estimates suggesting that losses of $50-$70bn would be required to move rates.”And 2010’s figures pale into insignificance before natural disasters of that size. The single most costly catastrophe for insurers on record was $71bn, from Hurricane Katrina, which devastated US states Louisiana, Mississippi and Alabama and virtually destroyed New Orleans. That event alone pushed 2005’s insured loss to $100bn – almost three times 2010’s level.Hurricanes have caused seven of the ten biggest insurance losses in the past 40 years and far outstrip the damage done by earthquakes. Only the 9/11 World Trade Centre terrorist attack (a $22.8bn loss) and the Northridge earthquake to hit California in 1994 (a $20.3bn loss) come close to the impact of those storms. Nonetheless, underwriters are still feeling the pinch from current disasters withseveral issuing profit warnings or full-year results affected by catastrophe losses.Lloyd’s of London’s 52 managing agents took a $324m combined loss from New Zealand’s September quake, equivalent to 5.9 per cent of the total market loss, according to JP Morgan analysts. Catlin’s full-year pre-tax profit fell by a third to $406m from $603m after taking a $218m catastrophe-related hit. Brit Insurance chief executive Dane Douetil on Friday blamed “higher than average catastrophes” for a 30 per cent drop in pre-tax profits to £119.2m from £171.3m in 2009.Amlin lost $160m from September’s earthquake while Hiscox, which reports results today, took a £37m hit from that event and warned last month that snowy winter weather could cost it £16m. Outside Lloyd’s, Royal Sun Alliance said its 2010 losses were £255m higher than it expected due to extreme weather in Europe. Yet the companies are well-capitalised enough to afford such losses. Despite the seriousness of the New Zealand earthquake, it will take much more to push up premiums across the industry. 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first_imgZambia National Commercial Bank Plc (ZANACO.zm) listed on the Lusaka Securities Exchange under the Banking sector has released it’s 2015 abridged results.For more information about Zambia National Commercial Bank Plc (ZANACO.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambia National Commercial Bank Plc (ZANACO.zm) company page on AfricanFinancials.Document: Zambia National Commercial Bank Plc (ZANACO.zm)  2015 abridged results.Company ProfileZambia National Commercial Bank, commonly known as Zanaco, listed on the Lusaka Securities Exchange, serves retail customers, large corporations, agri-business and public sector clients. The bank has evolved into a leading financial institution in Zambia. With the aid of Arise B.V., a leading African Investment Company, Zanaco benefits from technical assistance, international networks and best practices in various areas of banking.last_img read more


first_imgMeikles Limited (MEIK.zw) listed on the Zimbabwe Stock Exchange under the Industrial holding sector has released it’s 2021 interim results for the third quarter.For more information about Meikles Limited (MEIK.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Meikles Limited (MEIK.zw) company page on AfricanFinancials.Document: Meikles Limited (MEIK.zw)  2021 interim results for the third quarter.Company ProfileMeikles Limited is an established 100-year old company in Zimbabwe primarily invested in the agriculture, hotels and retail sector. The company operates six business segments; hospitality, retail stores which include department stores, supermarkets and wholesalers, and agricultural, financial services and security. Its well-known brands include the Meikles Hotel, Victoria Falls Hotel, TM Supermarkets, Meikles Stores and Tanganda Tea which produces, packs and distributes Zimbabwe’s famous tea brand aswell as Tinga Mira, a bottled spring water brand. Tanganda Tea Company also owns estates that produce avocados and macadamia nuts. Meikles Limited has department stores in three major cities in Zimbabwe which includes Barbours department store in Harare; and has a national footprint with 50 retail stores in towns and cities throughout Zimbabwe. Meikles Limited recently expanded into the mining and guarding sector and owns Meikles Centar Mining and Meikles Guard Services (Private) Limited in Zimbabwe. Meikles Financial Services offers mobile financial solutions and bill payment services to the retail and commercial sector in Zimbabwe; under the brand name My Cash. Meikles Limited is listed on the Zimbabwe Stock Exchangelast_img read more


first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Charities should use RSS feeds, argues blogger Tagged with: Digital About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Louise Cook, author of the Fundraising Technology blog, yesterday argued that charities should be publishing their news, fundraising and other messages via RSS feeds to help them achieve an even wider audience.After explaining the benefits and qualities of RSS feeds, she argues “if you have regularly updated content that you want to distribute to people, there is no question that you should be making an RSS feed available.”She concludes by suggesting three different ways of creating RSS feeds: Advertisementcenter_img Howard Lake | 22 August 2005 | News  25 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis “* Set up a blog – this will have an RSS feed as standard* Use a dedicated RSS publishing service, like Nooked* Adapt your website to include a feed”last_img read more


first_imgOct. 5 — Does Syria have the right to defend its sovereignty from imperialist conquest and its population from the total chaos of sectarian warfare and ruin? Does Syria have the right to seek assistance?Washington and the European Union countries have spent more than four years in an orchestrated effort of “regime change” in Syria. Now they howl in protest because on Sept. 30 and Oct. 1, Russia carried out its first airstrikes in Syria against forces trying to overthrow Syria’s government.Since March 2011, the U.S. and the EU have made relentless demands that the government of President Bashar al-Assad and the Baath Party must step down, resign their positions and hand over power to a regime of Washington’s choice. According to U.S. officials, by authorizing outside invading armies of mercenaries, like those that have brought total destruction to Afghanistan, Iraq and Libya, to step into the vacuum, you bring democracy.U.S. imperialism has been the primary power coordinating a program to fund and equip military units in Syria whose aim is solely destruction. This effort  began long before the supposed uprising or rebellion of the Arab Spring in 2011.On U.S. ‘hit list’ since Sept. 11Because of its independent economic and political policies and because of its decades of support for the Palestinian struggle, Syria was on the “hit list” slated for U.S. conquest since the George W. Bush administration. That’s what retired four-star General Wesley Clark told Democracy Now! listeners in a March 2, 2007, interview. Gen. Clark said that soon after the Sept 11, 2001, events, a general called to tell him that the U.S. was going to invade Iraq and would “take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran.” The Washington Post of April 16, 2011, described how at the beginning of the Syrian “uprising” that “Washington has funneled money to right-wing Syrian opposition groups since at least 2005.”WikiLeaks posted 7,000 secret U.S. diplomatic reports that confirm from 2006 to 2010 the U.S. spent millions of dollars to support and instigate opposition to the Syrian government.Julian Assange’s book, “The WikiLeaks Files: The World According to U.S. Empire,” describes how the released files confirm that Washington, while publicly opposing Islamic terrorists, saw their existence as an opportunity it could use to destroy Syria. The files confirm that it was U.S. policy to foster Shia-Sunni tension to destabilize Syria, as the U.S. did in Iraq.For more than four years Syria has fiercely resisted this foreign aggression. But the destruction has left almost half the population homeless and more than 10 million Syrians internally displaced.At the same time U.S., Turkish, Saudi, Jordanian and the EU were developing plans for an even more intense push to dismember Syria. Those plans have been pushed back by the developments of the past two weeks. Russia’s ministry of defense announced on Oct. 2 the deployment of its navy cruiser Moskva to Latakia. The Moskva is armed with a complement of 64 S-300 ship-to-air missiles, Russia’s most powerful anti-aircraft weapon.The Oct. 5 Financial Times reports, “The Russian forces now in place make it very, very obvious that any kind of no-fly zone on the Libyan model imposed by the U.S. and allies is now impossible, unless the coalition is actually willing to shoot down Russian aircraft,” writes Justin Bronk, research analyst at the Royal United Services Institute.In a Sept. 27 interview with Charlie Rose on CBS News, Russian President Putin explained his view that there is no other solution to the Syrian crisis than strengthening the effective government structures and providing help in fighting terrorism. Coordinated assistanceThe Sept. 27 announcement that Russia, Syria, Iran and Iraq were to cooperate on security issues against the Islamic State took the U.S. war planners totally by surprise. According to the Sept. 27 Wall Street Journal, the Iraq Defense Ministry’s announcement that the country had signed an intelligence and security cooperation pact with Russia, Iran and Syria was a challenge to U.S. influence in the Middle East. There are also rumors, still unconfirmed by public statements from the various governments, that China will join forces with Syria and, in coordination with Russia and Iran, will participate in the effort to combat the Islamic State. Washington’s plans are unraveling. But much will depend on how the Pentagon responds to the failure of its plans and to growing international assistance to Syria. An even more dangerous escalation may lie ahead.[tb_book id=”22171″]FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more


first_img Follow the news on Russia Reporters Without Borders (RSF) is worried about a newly adopted law in Russia that will hold major news aggregators accountable for the information they distribute, thereby establishing a principle that violates the freedom to inform. Known as the “news aggregators law,” it consists of a series of amendments to the law on information and information technology that were introduced by opposition legislators. Adopted unanimously by the Duma on 10 June and approved by the Federation Council (the upper house) on 15 June, its promulgation is now just a formality and it will take effect in January. Russian-language news aggregators with more than 1 million visitors a day will henceforth be held responsible for the veracity of the news reports they distribute if the reports do not come from media outlets registered in Russia. The aggregators will be required to store all news stories and the details of the originating media outlets for six months after publication and ensure their availability to Roskomnadzor (the Federal Service for Supervision of Telecommunications, Information Technologies and Mass Communications). If the authorities dispute the veracity of information of “public importance,” the relevant news report will have to be removed within 24 hours, failing which the owners of the aggregator will be subject to a fine that could as much as 3 million rubles (41,000 euros) for repeat offenders. One of the law’s paragraphs stipulates that only Russian citizens or companies may own such news aggregators. The law’s undeclared but obvious aim is to deter aggregators from distributing news reports from independent media outlets with views that may be at variance with the Kremlin’s. Few aggregators are affected by the new law in its current form. Google News and Yahoo News get few visits in Russia so they are not concerned. The main news aggregators currently affected, such as Yandex and Mail.ru, are already so much under the government’s thumb that they will not have to change their practices. Nonetheless, the government has established a disturbing legislative framework. Lowering the law’s threshold of 1 million visitors a day, for example, would suffice to make it apply to all news aggregators. “Even if this law, when it takes effect, fails to radically change the way aggregators currently operate, a new tool for controlling news and information has been created,” RSF said. “One of the Russian government’s characteristics is a constant concern to control news content. We are very worried about how this legislation may evolve, especially as other governments in Russia’s sphere of influence often base their own legislation on Russia’s.” Russia is ranked 148th out of 180 countries in RSF’s 2016 World Press Freedom Index. RussiaEurope – Central Asia Online freedoms News Organisation News June 2, 2021 Find out more Russian media boss drops the pretence and defends Belarus crackdown News Receive email alerts May 21, 2021 Find out morecenter_img Help by sharing this information to go further RSF_en News Two Russian journalists persecuted for investigating police corruption RussiaEurope – Central Asia Online freedoms Listed as a “foreign agent”, Russia’s most popular independent website risks disappearing May 5, 2021 Find out more June 20, 2016 New Russian law targets news aggregatorslast_img read more


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first_imgWhatsApp Linkedin Advertisement Print RELATED ARTICLESMORE FROM AUTHOR Previous articleDrainage programme to prevent new floodsNext articleTánaiste tours regeneration Alan Jacqueshttp://www.limerickpost.ie NewsLocal NewsGive big evergreens the chopBy Alan Jacques – February 21, 2014 656 Celebrating a ground breaking year in music from Limerick TAGSCllr Kevin Sheahanevergreen treesFianna FáilKildimoMusic LimerickStorm Darwin Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday center_img #HearThis: New music and video from Limerick rapper Strange Boy Twitter Watch the streamed gig for Fergal Nash album launch #SaucySoul: Room 58 – ‘Hate To See You Leave’ Email FIANNA Fáil councillor Kevin Sheahan is calling for bylaws limiting the height of evergreen trees and governing their distance from people’s homes.According to Cllr Sheahan, non-native evergreens are growing as tall as 80 feet in parts of the county near homes and roads, putting whole communities at risk. Following last week’s devastating storms, he said there was no doubting that these “monstrosities” were a danger to “life and limb”.Sign up for the weekly Limerick Post newsletter Sign Up “They are also infested with flies and all types of insects,” he told members of Limerick County Council‘s Planning and Development Committee.“There was great upset amongst the community in Kildimo over the flooding of their cemetery. One of these monster trees fell down during last week’s storm breaking headstones and these trees are now a bigger cause for concern than the flooding from the week before,” he declared.He proposed that evergreen trees should not be planted within 100 metres of a dwelling house and called for their height to be limited to 8 to 10 feet.Director of services for Planning and Development, Gerry Sheeran said there was no simple solution to this issue and reminded Cllr Sheahan that planning permission was not needed as the trees were already in situ. If trees were a danger to public safety that it would be an issue for the local authority’s environment and traffic departments. Facebook Decision to enter Phase 4 of reopening Ireland deferred to August 10last_img read more


first_img Twitter Facebook Local News Facebook Students mourn death of Marfa high school teacher Previous articleSmoke detector evacuates Austin MontessoriNext articleTxDOT plans roadwork in Midland, Gardendale admin Pinterest Marfa Shorthorns.Marfa ISD.center_img By admin – March 19, 2018 Twitter Students at Marfa Independent School District were mourning the death of a teacher who worked with early college high students Monday.CBS 7 has reported that a Marfa High School teacher, who is from Odessa, was stabbed and killed March 16 in Fort Davis.Presidio County dispatch told CBS 7 the woman’s husband was in custody, but no information on charges was available.They added that he told police he “found her,” the station reported.The woman worked for Marfa Independent School District, but lived in Fort Davis.The Jeff Davis County Sheriff’s Office said the sheriff will issue a news release, which was not available as of press time Monday.Marfa Independent School District Superintendent Oscar Aguero said the teacher was with the district for two years. Neither the district nor the Jeff Davis County Sheriff’s Office has released the name of the teacher.Aguero said the teacher worked with early college high school students. Marfa ISD has 350 students, 94 of whom attend the high school.He said extra counselors were brought in Monday from Valentine, Fort Davis, Alpine, Odessa and Midland.The last few years have been tough in Marfa, Aguero said, with the deaths of three students and now a teacher.The mood at the district on Monday was quiet and solemn. Aguero said there has been lots of talking and students have been going to counselors and sharing how they feel.He said there was a small memorial service for the teacher Sunday conducted by students and they left some flowers and other items out by the flag pole.The Marfa Shorthorns’ Facebook page had this message:“Friday, a terrible tragedy occurred, and with it came a great loss to the Marfa ISD family. It is with a heavy heart that we have begun preparation of counselors and other support systems for the needs of our students and staff. As we continue to mourn, we will do whatever is needed to make sure our community feels safe and comforted.”A Marfa Independent School District student kneels by the flagpole Sunday at Marfa High School where flowers were placed in remembrance of a high school teacher who was fatally stabbed Friday in Fort Davis. The teacher was not identified and authorities had yet to charge a suspect Monday afternoon.John Aguero|Courtesy photoMore Information WhatsApp WhatsApp Pinterestlast_img read more


first_imgHome / Daily Dose / Recognizing the Mortgage Industry’s Women Leaders The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Tagged with: Five Star Conference Five Star Global Five Star Institute HOUSING Keystone Awards mortgage MReport Women Leaders Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Five Star Conference Five Star Global Five Star Institute HOUSING Keystone Awards mortgage MReport Women Leaders 2019-04-01 Radhika Ojha Subscribe April 1, 2019 2,345 Views Related Articles Previous: Berkadia Adds Three Directors to Mortgage Banking Team Next: The Tappable Equity Slidecenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago Recognizing the Mortgage Industry’s Women Leaders Data Provider Black Knight to Acquire Top of Mind 2 days ago On April 1, the Five Star Conference opened the nominations for the second annual Keystone Awards, which recognize the achievements of the women leaders who are shaping the housing and mortgage industries. The nomination period, which runs through June 3, allows for industry professionals to honor their women colleagues and associates with consideration for these prestigious awards. The finalists will be announced in the September issue of MReport, and the award recipients will then be announced at the 2019 Women in Housing Leadership Awards Banquet, hosted during the 16th Five Star Conference and Expo, happening September 23–25 at the Hyatt Regency in Dallas, Texas. The recipients will also be featured in the October issue of MReport.“The Keystones honor the contributions of women who exemplify characteristics that strengthen and support the industry through their leadership,” said Ed Delgado, President and CEO of Five Star Global. “These leaders are mentoring and shaping the careers of professionals and driving progress for the mortgage industry.”“We are excited to announce the second annual Keystone Awards that recognize women whose efforts have had a powerful and positive impact on the industry,” said Rachel Williams, Editor-in-Chief of Publications at the Five Star Institute. “I look forward to many industry professionals nominating their women colleagues and associates for this honor and covering both the nominees and award recipients in the pages of MReport magazine.”Colleagues can nominate their peers in the following categories for this year’s Keystones:Rising Business Leader: The award recognizes young women leaders who, while still early in their careers, have demonstrated an outstanding capability to lead and drive progress. Courtney Thompson, Director, Default Oversight and Operations, Flagstar Bank, received the Keystone in this category in 2018.Cultural Leader: This category honors industry leaders who have successfully fostered forward-thinking company cultures and workplaces (minimum of 10 years’ consecutive industry experience). Charmaine Brown, Diversity Director, Office of Diversity and Inclusion, Fannie Mae, took home the Cultural Leader Award in 2018.Community Leadership: The award acknowledges individuals who displayed tremendous leadership and cooperation in local communities (minimum of 10 years’ consecutive industry experience). Miriam Moore, Division President, ServiceLink, received the Keystone for this category last year.Diversity & Inclusion: This category celebrates those who have successfully broken barriers and helped lead the charge in developing a diverse workplace culture (minimum of 10 years’ consecutive industry experience). Last year’s Keystone recipient of the Diversity and Inclusion Award was Susan Somersille Johnson, CMO, SunTrust.The Laurie A. Maggiano Legacy Award: The award recognizes women whose accomplishments have left an indelible impact on the industry and positively influenced homeownership nationwide (minimum 20 years’ consecutive industry experience). Marcia Davies, COO, Mortgage Bankers Association, received this award in 2018.Do you know a woman leader worthy of recognition? Click here to submit your nominations. Demand Propels Home Prices Upward 2 days agolast_img read more