Cyclone

RaceTrac Ready for Predicted Busiest Hurricane Season Ever

Retrieved on: 
fredag, maj 31, 2024
Cyclone, News, Drink, RaceTrac, Safety, Asset protection, Police, Nightclub

Atlanta, May 31, 2024 (GLOBE NEWSWIRE) -- As the Atlantic hurricane season gets underway, RaceTrac, a convenience store leader, is ensuring its stores have ample provisions for guests in hurricane-prone areas.

Key Points: 
  • Atlanta, May 31, 2024 (GLOBE NEWSWIRE) -- As the Atlantic hurricane season gets underway, RaceTrac, a convenience store leader, is ensuring its stores have ample provisions for guests in hurricane-prone areas.
  • Forecasters predict this hurricane season—which runs from June 1 to November 1—could yield a record 33 named storms.
  • In the event of a hurricane threat, RaceTrac stores will remain open to serve customers unless conditions become unsafe, or officials mandate an evacuation.
  • Also, sign up for RaceTrac Rewards to receive operations alerts and exclusive new member offers and start seeing the savings roll in.

Philips celebrates 1.9m liters of helium saved as it marks 1,111 helium-free MRI operations installs, expanding care to more patients in more locations

Retrieved on: 
torsdag, maj 30, 2024
Ingenia, CE, Patient, Cyclone, Helium, MRI, Artificial intelligence, Sale, Superconductivity, AEX, PHG, Face, Medical imaging

Since 2018, Philips has been the first to provide helium-free MR operations worldwide, improving access to better care for more patients, and we will continue to drive innovation in this space,” said Ruud Zwerink, Business Leader of MR at Philips.

Key Points: 
  • Since 2018, Philips has been the first to provide helium-free MR operations worldwide, improving access to better care for more patients, and we will continue to drive innovation in this space,” said Ruud Zwerink, Business Leader of MR at Philips.
  • A conventional MRI scanner requires up to 1700 liters of liquid helium, much of which can be lost if the magnet has to be periodically shut down.
  • Philips’ AI-enabled [3] EasySwitch technology always ensures orderly shutdown and re-energizing of the magnet once the danger has passed.
  • [1] Systems contain 7 liters of helium, fully sealed, no helium can leave the system.

CoreLogic Estimates 32.7 Million Homes at Risk of Hurricane Damage Ahead of Another Forecasted Active Hurricane Season

Retrieved on: 
torsdag, maj 30, 2024
Data Management, Residential Building & Real Estate, Technology, Construction & Property, Professional Services, Environmental Issues, Natural Disasters, Data Analytics, Software, Environment, Insurance, Pacific typhoon season, Cyclone, Risk management, Atlantic Ocean, Atlantic hurricane season, Pacific Ocean, Intelligence, CoreLogic, Risk

As the 2024 Atlantic Hurricane Season approaches, CoreLogic®, a leader in global property information, analytics and data-enabled solutions, released its 2024 Hurricane Risk Report , to help insurers and risk managers prepare for the approaching season.

Key Points: 
  • As the 2024 Atlantic Hurricane Season approaches, CoreLogic®, a leader in global property information, analytics and data-enabled solutions, released its 2024 Hurricane Risk Report , to help insurers and risk managers prepare for the approaching season.
  • It’s important to note that in the case of a hurricane, not all homes will experience a total loss.
  • The 2024 hurricane season is forecasted to be an active one, with La Niña conditions expected to return to the Pacific Ocean.
  • This, along with record high sea surface temperatures, are significant contributors to the level of activity in a hurricane season.

New Report: 86 Million Americans Are Unprotected Against Carbon Monoxide Poisoning

Retrieved on: 
onsdag, maj 29, 2024
Carbon, Transfer, Single, Data collection, Engine-generator, Restaurant, Cyclone, Atmosphere, Transfer switch, Marketing, UL, Smoke, Risk, Education, Hurricane season, Collection, Carbon monoxide, Internet, ESOMAR, Fatality, Ethics, Weather, Equipment, Engagement, Opinion, Death, Insights Association, Pew Research Center, Generator, CPSC, CO, Research, Standard, Knowledge, Family, Poisoning

“Americans are making dangerous assumptions about carbon monoxide that contribute to a false sense of security that they are protected or that poisoning won't happen to them,” said Sayon Deb, director of primary insights at UL Standards & Engagement.

Key Points: 
  • “Americans are making dangerous assumptions about carbon monoxide that contribute to a false sense of security that they are protected or that poisoning won't happen to them,” said Sayon Deb, director of primary insights at UL Standards & Engagement.
  • As hurricane season approaches, the ULSE report underscores the importance of the safe handling and use of portable generators.
  • With an increase in extreme weather, portable generator usage is likely to increase, emphasizing the importance of protecting against the threat of CO poisoning.
  • The National Oceanic and Atmospheric Administration’s outlook , released last week, is the most aggressive May prediction the agency has ever made.

Travelers Shares Tips to Help Property Owners Prepare for Hurricane Season

Retrieved on: 
onsdag, maj 29, 2024
Insurance, Environment, Automotive, Environmental Issues, Professional Services, Automotive Manufacturing, General Automotive, Manufacturing, Cyclone, Pacific typhoon season, System, Create, Traveler, Weather, Senior, Season, CSU, Policy, The Travelers Companies, Risk control, Colorado State University, TRV, Property insurance

Colorado State University (CSU) researchers predict that 2024 could be one of the most active Atlantic hurricane seasons in decades.

Key Points: 
  • Colorado State University (CSU) researchers predict that 2024 could be one of the most active Atlantic hurricane seasons in decades.
  • Acting now could help mitigate potential losses.”
    Travelers recommends that property owners take the following steps to safeguard their homes and buildings:
    Consider hurricane resistance features for your property.
  • Making improvements to your property, such as reinforcing doors and windows and ensuring your roof is in good condition, can help to minimize hurricane damage.
  • “With experts warning that this year’s hurricane season could be busier than average, it’s important for property owners to take proactive steps now, including making sure that property insurance policies are up to date,” said Joanne Carmody, Vice President of Catastrophe Management for Personal Insurance Claim at Travelers.

How extreme weather will affect the insurance and energy sectors

Retrieved on: 
tisdag, maj 28, 2024
Storm, Insurance, Cyclone, Pressure, Heat, Built environment, Risk, Wind, Temperature, Wildfire, Royal Meteorological Society, Air conditioning, Royal, Climate change, Weather, Met, Earthquake, River Avon, Willis Towers Watson, Officer, Gulf of Mexico, GDP, Electricity, Hurricane Katrina, Renewable energy

Some energy traders benefited as the high wind speeds led to record-breaking wind power production and significant energy price drops.

Key Points: 
  • Some energy traders benefited as the high wind speeds led to record-breaking wind power production and significant energy price drops.
  • Extreme weather events cause extensive economic damages, with more than US$100 billion (£80 billion) of this being covered by insurance in 2023.
  • An event that benefits the energy sector can be detrimental to the insurance industry, and vice versa.
  • Climate change is likely to intensify these extreme weather events, potentially increasing or altering their impact on the energy and insurance sectors.
  • Focusing on the insurance sector, extreme weather events are of interest due to the potential to cause destruction and damages that need to be financially covered.
  • Insurance companies evaluating risks must account for a combination of the most extreme weather systems, and those affecting built-up, developed areas.
  • Many types of extreme weather, from dust storms to heavy snowfall, can have adverse impacts on energy infrastructure, generation and demand.

Piero Cipollone: Europe’s tragedy of the horizon: the green transition and the role of the ECB

Retrieved on: 
tisdag, maj 28, 2024
Communication, Cyclone, PSPP, Risk, Investment, United Nations Environment Programme, Aggression, Davoodi, Number Two, European Banking Federation, Solar energy, Weather, Congress, ILF, EIOPA, Materiality, Heat, Mineral, Climate, Research, World Meteorological Organization, GDP, Blog, Access, ESRB, NBER, ECB, Climate change, European Environment Agency, European Investment Bank, Private sector, Lithium, European Green Deal, Horizon, Loan, Housing, Complementarity, Civil service commission, European Commission, Shock, Security, NGFS, United Nations, Reproduction, Agriculture, Uncertainty, European Central Bank, European Council, Employment, Environment, Calibration, Network, Wind, Wildfire, Recovery, SSRN, Meteorology, Environmental economics, Carbon, IMF, Frankfurt, Economics, Solidarity, Metal, HICP, Single market, Next Generation EU, CEPR, Carney, Copper, Green, PEPP, Bertelsmann Stiftung, University of Chicago Press, Prejudice, Working paper, Festival, University, Forestry, Speech, Sound, Capital market, Financial system, Growth, Treaty, The Economic Journal, Pension, GCAM, Tragedy, Corporate sustainability, Natural gas, RRF, SAFE, ETS, Copernicus Climate Change Service, Electricity, Renewable energy

We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.

Key Points: 
  • We quantify both the direct and the portfolio re-balancing impact, emphasizing the role of investor heterogeneity.
  • We use proprietary security-level data on asset holdings of different investors.
  • We measure the direct impact on security level, finding that it is smaller for securities predominantly held by more price-elastic investors, funds and banks.

Earnix Highlights the Potential of Synthetic Data in Specialty Insurance

Retrieved on: 
torsdag, maj 23, 2024
Software, Insurance, Finance, Data Management, Professional Services, Technology, Apps, Applications, Other Technology, Cyclone, Confidentiality, Flood, Risk, Machine learning, Privacy, Data, Software as a service, Fraud, Traction, Gartner, AI, Identity theft, Risk assessment, Metropolitan Cattle Market

The white paper Reshaping London’s Specialty Market -The Impact of Technology and Data highlights the pivotal role that synthetic data - data that is produced, rather than gathered - will play in the future success of the market.

Key Points: 
  • The white paper Reshaping London’s Specialty Market -The Impact of Technology and Data highlights the pivotal role that synthetic data - data that is produced, rather than gathered - will play in the future success of the market.
  • According to Gartner, synthetic data accounted for just 1% of data in 2021 but is projected to grow to 60% by 2024.
  • At the same time, the increasing demand for data in specialty insurance has prompted underwriters and brokers to begin harnessing synthetic data to supplement existing datasets, improving risk assessment efficiency.
  • This is because synthetic data offers solutions to several key challenges in the London Market:
    Filling Data Gaps: Specialty insurers can harness synthetic data to access necessary data for product development and testing without compromising security or customer privacy.

First Onsite highlights disaster readiness during Emergency Preparedness Week

Retrieved on: 
tisdag, maj 7, 2024
Leg, Weather, Fear, Safety, IBC, Cyclone, NTP, Partnership, Tornado, Disaster, Atlantic Canada, SVP, Public Safety Canada, Risk management

First Onsite released the numbers as the second leg of its annual weather and property survey examining Canadians’ concerns, perceptions, and property readiness regarding disasters.

Key Points: 
  • First Onsite released the numbers as the second leg of its annual weather and property survey examining Canadians’ concerns, perceptions, and property readiness regarding disasters.
  • First Onsite is using its platform to provide advocacy and awareness around public safety during Emergency Preparedness Week (May 5-11), a national event supported by Public Safety Canada.
  • “Volatile weather has put many Canadians on edge, and for a good reason,” said Jim Mandeville, SVP of large loss for First Onsite.
  • For businesses, this should also include having a partnership with a property restoration company in place before any type of disaster occurs.

Great Lakes Reports First Quarter 2024 Results

Retrieved on: 
tisdag, maj 7, 2024
Vineyard Wind, Investment, Cyclone, Growth, Wind, Farm, Legislation, GAAP, Congress, Beneficial use, PIN, Annual report, Water, Water resources, Corps, Infection, Projection, Energy, Disaster, Climate change, Ecosystem, Reputational damage, Safety, Insurance, Public expenditure, Empire Wind, River, Government, Disposal, GLDD, Sale, Language, MBE, Policy, Depreciation, Power purchase agreement, Security (finance), WRDA, Professional, DBE, Acquisition, PSLRA, Adjustment, Liquefied natural gas, Sunrise, Texas Coastal Bend

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Dredging backlog of $879.4 million at March 31, 2024
    HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the first quarter ended March 31, 2024.
  • Lasse Petterson, President and Chief Executive Officer commented, “Great Lakes ended the first quarter with strong financial results, including net income of $21.0 million and adjusted EBITDA of $42.9 million, which is the best adjusted EBITDA quarter since the fourth quarter of 2021, supporting a return to normalcy.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance.
  • Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.