Flood

EQS-News: Hannover Re beats full-year earnings target and raises dividend

Retrieved on: 
Wednesday, April 10, 2024

This is comprised of an ordinary dividend of EUR 6.00 (EUR 5.00) per share and a special dividend of EUR 1.20 (EUR 1.00) per share.

Key Points: 
  • This is comprised of an ordinary dividend of EUR 6.00 (EUR 5.00) per share and a special dividend of EUR 1.20 (EUR 1.00) per share.
  • We were able to beat our earnings target and significantly increase the dividend.
  • At the same time, we further strengthened Hannover Re's resilience," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re.
  • The ordinary dividend will be supplemented by a special dividend provided the capitalisation exceeds the capital required for future growth and the profit target is achieved.

New record of 142 natural catastrophes accumulates to USD 108 billion insured losses in 2023, finds Swiss Re Institute

Retrieved on: 
Wednesday, April 10, 2024

Global insured losses from natural catastrophes outpaced global economic growth over the past 30 years: From 1994 to 2023, inflation-adjusted insured losses from natural catastrophes averaged 5.9% per year, while global GDP grew by 2.7%.

Key Points: 
  • Global insured losses from natural catastrophes outpaced global economic growth over the past 30 years: From 1994 to 2023, inflation-adjusted insured losses from natural catastrophes averaged 5.9% per year, while global GDP grew by 2.7%.
  • 2023 was also marked by a high frequency of events as 142 insured natural catastrophes set a new record.
  • Hailstorms are by far the main contributor to insured losses from SCS, responsible for 50–80% of all SCS-driven insured losses.
  • Global insured losses from SCS accumulated to a new record of USD 64 billion globally in 2023, 85% originating in the US.

Intermap Drives Infrastructure Advancements in Greece and Malawi

Retrieved on: 
Monday, April 8, 2024

DENVER, April 08, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced two infrastructure projects in Greece and Malawi, providing applications that leverage recent advancements in AI/ML.

Key Points: 
  • DENVER, April 08, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced two infrastructure projects in Greece and Malawi, providing applications that leverage recent advancements in AI/ML.
  • Intermap has received a contract award alongside its partner, ALVO, to provide 3D precision elevation data to the Hellenic Republic Ministry of Rural Development and Food in Greece (“Greek Ministry of Agriculture”).
  • “Intermap’s NEXTMap DSM is an excellent solution for our purpose,” said Dimitris Messinezis, Founder and CEO of ALVO in Greece.
  • “Our expertise in 3D precision geospatial data makes us a valuable partner for ALVO in delivering advanced solutions for the agriculture industry in Greece.

New global climate action initiative harnesses Canada’s AI expertise

Retrieved on: 
Thursday, April 4, 2024

TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- In an effort to combat the global climate crisis, the Vector Institute and the Turkish Informatics Foundation through its Be Node platform have launched the Global AI Alliance for Climate Action.

Key Points: 
  • TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- In an effort to combat the global climate crisis, the Vector Institute and the Turkish Informatics Foundation through its Be Node platform have launched the Global AI Alliance for Climate Action.
  • The alliance will first identify the landscape of current climate action efforts and determine where AI can be most effectively applied.
  • "The Vector Institute’s leadership with the Global AI Alliance for Climate Action marks a pivotal moment in our global fight against climate change.
  • A collective approach to addressing climate change is vital as the challenges are too complex for any single entity to tackle alone.” - Sedef Akinli Kocak, Director Professional Development, Vector Institute; Global AI Alliance for Climate Action Impact and Sustainability Lead
    "Global AI Alliance for Climate Action is a significant project for the world to reach a sustainable future.

Verizon to award $50K disaster-preparedness grant to KIPP DC Public Schools during April 2 event

Retrieved on: 
Monday, April 1, 2024

WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Verizon is awarding a $50,000 disaster-preparedness grant to KIPP DC Public Schools, underscoring the company’s dedication to community resilience and emergency preparedness in Washington, D.C., and celebrating that partnership during an on-campus event kicking off at 9:30 a.m. April 2.

Key Points: 
  • WASHINGTON, April 01, 2024 (GLOBE NEWSWIRE) -- Verizon is awarding a $50,000 disaster-preparedness grant to KIPP DC Public Schools, underscoring the company’s dedication to community resilience and emergency preparedness in Washington, D.C., and celebrating that partnership during an on-campus event kicking off at 9:30 a.m. April 2.
  • Bilingual resource distribution: Verizon volunteers will partner with KIPP DC Public Schools to distribute bilingual resources on flooding, offering essential dos and don'ts for disaster preparedness during community-facing events.
  • Classroom simulations: Elementary school students at KIPP DC Public Schools will participate in disaster simulations, covering scenarios such as blizzards, floods and earthquakes to foster preparedness and resilience.
  • Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023.

SaaS Growth Strategist Finalizes Acquisition of DataCapable

Retrieved on: 
Wednesday, March 27, 2024

“DataCapable has created a platform that uses SaaS AI technology to capture, automate, and distribute actionable information about critical events in real-time,” said Potter.

Key Points: 
  • “DataCapable has created a platform that uses SaaS AI technology to capture, automate, and distribute actionable information about critical events in real-time,” said Potter.
  • “Bill’s acquisition will help DataCapable improve our operations and expand our market reach,” said Pete DiSalvo, CEO and co-founder of DataCapable.
  • “Bill has a proven track record of helping SaaS companies overcome obstacles and achieve rapid growth.
  • Thrive Advisors helps startup companies with growth strategies, product development, building sales momentum, scaling infrastructure, and helping businesses thrive, including orchestrating profitable exit strategies.

The Kraft Heinz Company Foundation Commits $15 Million Over Three Years to Rise Against Hunger to Provide 463 Million Meals to People in Need

Retrieved on: 
Tuesday, April 9, 2024

Today, The Kraft Heinz Company Foundation announces an extended three-year partnership and $15 million commitment to Rise Against Hunger , an international nonprofit organization.

Key Points: 
  • Today, The Kraft Heinz Company Foundation announces an extended three-year partnership and $15 million commitment to Rise Against Hunger , an international nonprofit organization.
  • The commitment builds on a decade-long partnership between Kraft Heinz and Rise Against Hunger to alleviate global hunger and improve access to nutrition.
  • View the full release here: https://www.businesswire.com/news/home/20240409900011/en/
    Kraft Heinz employees pack meals during the annual Packathon (Photo: Business Wire)
    “At Kraft Heinz, we aim to provide 1.5 billion meals to people in need by 2025,” said Andrea Budelli, President of The Kraft Heinz Company Foundation and Chief R&D Officer of Developed & Emerging Markets at Kraft Heinz.
  • This impact includes:
    Fortified more than 127 million Rise Against Hunger meals with 21 million micronutrient sachets for school feeding and dietary supplementation programs.

Global Optical Satellite Industry Research 2024 Featuring Key manufacturers - Airbus, Israel Aerospace Industries, Thales Group, and Maxar Technologies - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024

Optical satellites, a class of satellites utilized for Earth observation, employ visible and near-infrared light to capture images of the Earth's surface.

Key Points: 
  • Optical satellites, a class of satellites utilized for Earth observation, employ visible and near-infrared light to capture images of the Earth's surface.
  • Optical satellites offer the capability to capture detailed images with high spatial resolution, enabling precise analysis and decision-making.
  • The increasing institutional space budget positively impacts the optical satellite market by fostering innovation, research, and development of advanced satellite technologies.
  • The key manufacturers in the global optical satellite market are:

Tiny weevils are waging war on the invasive water lettuce plant choking South Africa’s Vaal River

Retrieved on: 
Tuesday, April 9, 2024

Research suggests it may have originated in South America because it has natural enemies there which have co-evolved with the plant.

Key Points: 
  • Research suggests it may have originated in South America because it has natural enemies there which have co-evolved with the plant.
  • However, fossil records and ancient Egyptian hieroglyphics depicting water lettuce indicate that it may have been present in other regions for millions of years.
  • Recently, water lettuce has invaded one of South Africa’s most important rivers, the Vaal River, on the border of the Gauteng and Free State provinces.
  • My team and I are currently working with Rand Water on an integrated management plan for water lettuce control in the Vaal River.

The damage

  • This can reduce light penetration and oxygen levels in the water, negatively affecting all aspects of aquatic life from microscopic plankton to large fish.
  • The mats can also impede water flow, leading to stagnation and increased mosquito breeding sites.
  • They can also damage other vegetation.

The weevil

  • This Brazilian weevil species was first introduced to Africa in 1985 via Australia, following successful control of water lettuce infestations there.
  • Since then, it has been used to control water lettuce infestations in Botswana, Benin, Ghana, Senegal, Zimbabwe, Zambia, Republic of Congo, Côte d’Ivoire, Kenya, Nigeria, Togo, Mozambique and Morocco.
  • Invasions at sites in these countries, no matter how extensive, were generally brought under control within a year.

The Vaal River

  • However, at the end of 2023, a large infestation was noticed on the Vaal River and was reported to relevant authorities.
  • Since then, the infestation has covered up to 40km of the river in the Vaal Barrage area, around the town of Vanderbijlpark, and threatens to spread downstream of the 1,200km long Vaal River.
  • Thousands of weevils have already been released into the Vaal River since November 2023 from our mass rearing facility in Makhanda.
  • What lurks alongside this invasion on the Vaal River, however, is the water hyacinth, which remains South Africa’s most problematic aquatic invasive plant.


Julie Coetzee receives funding from the National Research Foundation. She is affiliated with the South African Institute for Aquatic Biodiversity (SAIAB).

GreenPan Partners With EARTHDAY.ORG to Plant Over 10,000 Trees in Tanzania Throughout the Month of April

Retrieved on: 
Wednesday, April 3, 2024

GreenPan is participating in EARTHDAY.ORG’s 2024 The Canopy Project® which plants trees in Tanzania.

Key Points: 
  • GreenPan is participating in EARTHDAY.ORG’s 2024 The Canopy Project® which plants trees in Tanzania.
  • For every order placed during the month of April, GreenPan will plant one tree.
  • The goal is to plant over 10,000 trees throughout the month.
  • EARTHDAY.ORG partnered with a local community organization, Friends of Lake Tanganyika to ensure the project is locally driven and supported.