Flood

Sun Communities, Inc. Provides Update on Recent Activities

Retrieved on: 
Monday, January 22, 2024

NOI margin for the second half of 2023 was approximately $22,000, also in-line with management’s previously communicated range.

Key Points: 
  • NOI margin for the second half of 2023 was approximately $22,000, also in-line with management’s previously communicated range.
  • Sun recently completed an administration process related to three real estate assets that collateralized a note receivable extended to Royale Holdings Group in the UK.
  • On January 11, 2024, Sun completed a public offering of $500 million aggregate principal amount of 5.50% senior notes due 2029.
  • The Company’s Full Year and Fourth Quarter 2023 results will be released on Tuesday, February 20, 2024, after markets close.

New Jersey American Water Files Rate Request Driven by Over $1.3 Billion in Investment

Retrieved on: 
Friday, January 19, 2024

New Jersey American Water filed a petition today with the New Jersey Board of Public Utilities (BPU) requesting new rates, driven by more than $1.3 billion in capital investments through December 2024, to continue providing safe and reliable service.

Key Points: 
  • New Jersey American Water filed a petition today with the New Jersey Board of Public Utilities (BPU) requesting new rates, driven by more than $1.3 billion in capital investments through December 2024, to continue providing safe and reliable service.
  • New Jersey American Water’s investment in replacing or rehabilitating nearly 176 miles of aging water mains is included in this rate request.
  • The company’s rate request undergoes extensive public scrutiny by the BPU, the New Jersey Division of Rate Counsel, and the Office of Administrative Law.
  • New Jersey American Water is seeking a total annual revenue increase of approximately $161.7 million.

FHLB Cincinnati Adds $3.9 million to Disaster Reconstruction Program

Retrieved on: 
Thursday, January 25, 2024

CINCINNATI, Jan. 25, 2024 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati's (FHLB) Disaster Reconstruction Program (DRP) has been replenished with an additional $3.9 million, bringing the total funding currently available to $5.0 million.

Key Points: 
  • As a result of additional financial contributions to the program, close to $8.0 million has been disbursed to help 604 households rebuild.
  • "Over the last 12 years, we've seen the Disaster Reconstruction Program make a difference in communities throughout Kentucky, Ohio and Tennessee when they have needed it most.
  • Given the success of this voluntary program, the FHLB Board of Directors approved the additional $3.9 million bringing the total disaster funds available for immediate use to $5.0 million.
  • Since inception of the program, the Board has authorized nearly $13.7 million for the program.

Capella Space and Floodbase Partner to Bring High-Resolution SAR Data to Parametric Insurers

Retrieved on: 
Tuesday, January 23, 2024

SAN FRANCISCO, Jan. 23, 2024 /PRNewswire/ -- Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, today announced a partnership with Floodbase, a leading data provider and reporting agent for parametric flood insurance, to bring high-resolution SAR satellite data to Floodbase's end-to-end solution for parametric flood insurance. This partnership will enable enhanced payout trigger certification of parametric insurance products by capturing the magnitude of flooding at high resolution and regardless of cloud cover.

Key Points: 
  • SAN FRANCISCO, Jan. 23, 2024 /PRNewswire/ -- Capella Space Corp., an American space tech company with data and satellite solutions for government and commercial applications, today announced a partnership with Floodbase, a leading data provider and reporting agent for parametric flood insurance, to bring high-resolution SAR satellite data to Floodbase's end-to-end solution for parametric flood insurance.
  • Traditional insurance alone cannot fill the gap, making parametric flood insurance a crucial tool for augmenting flood resilience.
  • Floodbase leverages a variety of datasets to meet the growing needs of the parametric flood market , now enhancing their solution with best-in-class SAR imagery from Capella's satellite constellation.
  • Floodbase and Capella Space share a commitment to using earth observation science and machine learning to enable all communities to prepare for and respond to climate disasters.

Floating Power Plant Market to Garner $27.9 Billion, Globally, By 2032 at 10.5% CAGR, Says Allied Market Research

Retrieved on: 
Monday, January 22, 2024

PORTLAND, Ore., Jan. 22, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Floating Power Plant Market By Type of Power Source (Renewable Power Source and Non-Renewable Power Source), Capacity (1–5 MW, 5.1–20 MW, 20.1–100 MW, 100.1–250 MW, and Above 250 MW), Deployment (Ship, Barges, Modular Raft, and Others), and Application (Manmade Water Bodies and Natural Water Bodies): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the global floating power plant industry generated $10.3 Billion in 2022, and is anticipated to generate $27.9 Billion by 2032, witnessing a CAGR of 10.5% from 2023 to 2032.

Key Points: 
  • Financing challenges and the need for additional due diligence hindered the progress of floating power plant projects.
  • Operational Challenges: Operational challenges, including workforce shortages, travel restrictions, and safety protocols, impacted the maintenance and operation of existing floating power plants.
  • This shift in demand, coupled with fluctuations in energy prices, influenced investment decisions in the energy sector, including floating power plants.
  • This influenced the allocation of funds, incentives, and regulatory support for renewable energy projects, including floating power plants.

Floating Power Plant Market to Garner $27.9 Billion, Globally, By 2032 at 10.5% CAGR, Says Allied Market Research

Retrieved on: 
Monday, January 22, 2024

PORTLAND, Ore., Jan. 22, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Floating Power Plant Market By Type of Power Source (Renewable Power Source and Non-Renewable Power Source), Capacity (1–5 MW, 5.1–20 MW, 20.1–100 MW, 100.1–250 MW, and Above 250 MW), Deployment (Ship, Barges, Modular Raft, and Others), and Application (Manmade Water Bodies and Natural Water Bodies): Global Opportunity Analysis And Industry Forecast, 2023-2032". According to the report, the global floating power plant industry generated $10.3 Billion in 2022, and is anticipated to generate $27.9 Billion by 2032, witnessing a CAGR of 10.5% from 2023 to 2032.

Key Points: 
  • Financing challenges and the need for additional due diligence hindered the progress of floating power plant projects.
  • Operational Challenges: Operational challenges, including workforce shortages, travel restrictions, and safety protocols, impacted the maintenance and operation of existing floating power plants.
  • This shift in demand, coupled with fluctuations in energy prices, influenced investment decisions in the energy sector, including floating power plants.
  • This influenced the allocation of funds, incentives, and regulatory support for renewable energy projects, including floating power plants.

Top 7 trends for the security industry in 2024

Retrieved on: 
Wednesday, January 17, 2024

HANGZHOU, China, Jan. 17, 2024 /PRNewswire/ -- The security industry in 2024 is an exciting landscape that Hikvision is actively navigating.

Key Points: 
  • HANGZHOU, China, Jan. 17, 2024 /PRNewswire/ -- The security industry in 2024 is an exciting landscape that Hikvision is actively navigating.
  • In this article, Hikvision wants to share the top seven trends that it anticipates will have a significant impact on the security industry this year.
  • AI is accelerating the transformation of the security industry by enhancing machines' perceptual capabilities.
  • By integrating environmental sensors into security systems, for instance, it can better respond to natural disasters like floods, wildfires, landslides, and avalanches.

Top 7 trends for the security industry in 2024

Retrieved on: 
Wednesday, January 17, 2024

HANGZHOU, China, Jan. 17, 2024 /PRNewswire/ -- The security industry in 2024 is an exciting landscape that Hikvision is actively navigating.

Key Points: 
  • HANGZHOU, China, Jan. 17, 2024 /PRNewswire/ -- The security industry in 2024 is an exciting landscape that Hikvision is actively navigating.
  • In this article, Hikvision wants to share the top seven trends that it anticipates will have a significant impact on the security industry this year.
  • AI is accelerating the transformation of the security industry by enhancing machines' perceptual capabilities.
  • By integrating environmental sensors into security systems, for instance, it can better respond to natural disasters like floods, wildfires, landslides, and avalanches.

FloodFlash expands to support additional US states

Retrieved on: 
Tuesday, January 16, 2024

FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced its expansion to a further 10 US states.

Key Points: 
  • FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, has today announced its expansion to a further 10 US states.
  • Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont and Massachusetts now have unrestricted access to the parametric product.
  • FloodFlash is available across the states, however minimum premiums do apply for risks outside of the states above.
  • FloodFlash CEO Adam Rimmer comments: “America plays host to the largest flood protection gap in the world.

Government of Canada announces new investments in environmental research for the Université de Sherbrooke

Retrieved on: 
Monday, January 15, 2024

The Government of Canada relies on sound scientific research to make evidence-based decisions and build a low-carbon economy while protecting the environment for present and future generations.

Key Points: 
  • The Government of Canada relies on sound scientific research to make evidence-based decisions and build a low-carbon economy while protecting the environment for present and future generations.
  • In addition to announcing these investments, Minister Guilbeault also highlighted ongoing collaborative work between the Université de Sherbrooke and Environment and Climate Change Canada.
  • The Université de Sherbrooke is already a national leader in environmental science and our Government is keen to build on their sterling reputation.
  • There is ongoing collaboration between the Université de Sherbrooke, Environment and Climate Change Canada, researchers, and scientists.