Zxcoachoutlet

By Ross Kerber

BOSTON, Oct 9 (Reuters) – Top U.S. utility Duke Energy Corp DUK.N plans billions of dollars of new spending this decade as it ramps up efforts to slash greenhouse gas emissions, executives told Reuters.

The move comes amid growing pressure from Democratic politicians and activist investors for power producers to reduce their hefty contribution to climate change.

“If you’re going to pursue the more aggressive carbon-reduction targets, you’re going to retire coal earlier, you’re going to be replacing it earlier with renewables, batteries, storage etcetera,” said Duke Chief Financial Officer Steve Young in an interview.

“That pushes up the capital profile,” he said.

According to Young and to an investor presentation to be made on Friday, Duke will boost projected capital spending by $2 billion to $58 billion for the period from 2020 to 2024, and projects a capital plan “in the range of $65 billion

How Climate Change Has Impacted Home Insurance Rates

October 2, 2020

2020 has brought one natural disaster after another, testing the American resolve with everything from a global pandemic to hurricanes, wildfires and tornadoes. Nothing better demonstrates the consequences of climate change, and experts predict that it will only grow worse.

a small house in a pool of water: TOPSHOT-US-WEATHER-STORM

© Provided by Reviews.com
TOPSHOT-US-WEATHER-STORM

Loss of glaciers and melting ice caps mean more intense heat waves and elevated sea levels, according to NASA. Over the course of the next century, experts from the Intergovernmental Panel on Climate Change (IPCC) predict that temperatures will rise anywhere from 2.5 to 10 degrees Fahrenheit.

Scott W. Johnson is a home insurance expert for Marindependent Insurance Services, LLC, out of California, a state currently being ravaged by wildfires. He explains, “Floods, brush fires, even landslides can be attributed to warmer, dryer temperatures that are in part caused by global warming.”

The dramatic weather patterns we have seen in 2020 are just a taste

Pandemics Surpass Climate Change as Biggest Worry for Insurance Professionals: Study

October 1, 2020

Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide.

Infectious diseases and pandemics were ranked as the most significant risks to society over the next five to 10 years in a study published Thursday by French insurer AXA SA. That’s a reversal from last year, when climate change was seen as the biggest concern. (Editor’s note: The report is available to download here).

COVID-19 is proving to be a major challenge for insurers, especially those that provide cover for canceled events such as sports matches and concerts. Disputes over coverage have led some policyholders to take legal action, with AXA recently losing a lawsuit against five restaurant operators. The insurer said it will appeal the ruling.

The survey of 2,600 insurance professionals in 53 countries, found that 56% of the respondents consider pandemics one of the top five emerging risks, up

Health Insurance Plans: These rules will change from 1st October; from claim disbursal to waiting period

September 30, 2020

Health Insurance Plans: From 1st October 2020, a lot of changes related to one’s personal finance is changing. These changes will have a direct impact on one’s pocket and regular expenses. Health insurance plans are one such area that is going to change completely from next month i.e. from 1st October 2020. From this date insurance companies won’t be able to reject insurance claims with ease.

If a health insurance plan holder has paid a policy premium for eight years, then the insurance company can’t reject the insurance claim in the wake of a loophole in the claim. Now a health insurance plan will cover the maximum number of diseases, however, it will lead to a rise in the health insurance policy premium.

See Zee Business Live TV streaming below:

Major changes from 1st October in the insurance sector

1] Coverage of the number of

Volkswagen Tries to Change Workplace Culture That Fueled Emissions Scandal

September 30, 2020

Volkswagen AG

is betting that a reformed compliance culture and an expanded whistleblower program that helped the German car maker clear a critical U.S. regulatory milestone this month will also help prevent another scandal and go a long way in restoring its reputation.

The car maker has spent the past few years trying to resolve issues related to its 2015 admission that it rigged about 11 million of its diesel vehicles world-wide with software to dodge government emissions tests, a revelation that came after U.S. regulators alleged that Volkswagen installed software to make cars appear to run cleaner.

The company says its yearslong, multipronged transformation and ongoing surveillance are essential to its survival. Getting that point across to employees is easier when you can put a price tag on noncompliance: €32 billion ($37.56 billion) in fines, penalties and compensation to customers, said Hiltrud D. Werner, the member of Volkswagen’s board

ANALYSIS-Turkish rate hike needs follow through for real game change

September 28, 2020

By Karin Strohecker

LONDON, Sept 25 (Reuters) – Turkish policymakers are no strangers to unexpected action when in a tight corner, but analysts said Thursday’s surprise interest rate hike could herald a change of tack on monetary policy.

Although raising rates by 200 basis points during a global pandemic and slump is unusual, analysts welcomed the Central Bank of Turkey’s (CBT) response in the face of rising inflation.

“It was a bold move by the CBT which should restore credibility and improve investor sentiment,” said Christian Wietoska at Deutsche Bank, calling it a “game changer”.

The hike was swiftly followed by a banking watchdog announcement that limits for banks’ FX transactions with foreign entities would be raised, allowing for increased market access and reversing a decision from earlier this year.

“Encouraging moves – suggests the Turkish authorities finally get it,” Timothy Ash at BlueBay Asset Management said.

Turkey has

Climate Change Investing May Not Be Your Thing, But A 78% YTD Return Is

September 27, 2020

A mother polar bear and cubs walk on ice flows in Wager Bay, near Manitoba in Canada. — Polar bears, like this one with cubs on ice in sub-arctic Wager Bay near in Manitoba, Canada, are … [+] considered vulnerable due to loss of environment and climate change.

VWPics/Universal Images Group via Getty Images

There is an absolutely gigantic wall of money moving into environmental stocks and it is only going to get bigger.

The European Commission, European Central Bank (ECB), and China have all announced major policy initiatives in the past fortnight underlining their commitment to reducing carbon emissions.

This will require trillions of dollars of investment in new greener technologies if countries are to meet their targets and much of that money will flow into private companies. Investors have been piling into environmental equities looking to profit from this trend, driving share prices higher.

The strategy has been a standout performer through the Covid-19 pandemic. A basket of 56 global stocks which Saxo Bank highlighted in

Mobile Oil Change Business and General Liability Insurance Considered

May 4, 2020

Not long ago, I got an email from a gentleman wishing to set up a mobile oil change business in Florida. He was concerned about what sort of insurance he might need and was under the impression that a 1 million dollar commercial liability policy was needed up and beyond his work truck vehicle commercial auto policy. Okay so, let’s talk about this; is he correct?

It turns out that he most definitely is, you see commercial auto is not the same as completed operations or the potential liability while working. For instance, if a car catches on fire that you are working on, your commercial auto policy isn’t going to cover it. Do you see that point? So, this is the advice I explained to him;

You will need most likely want to get a commercial insurance policy; $1 million aggregate, 300K per occurrence general liability, with a “garage … Read More

Mobile Oil Change Businesses Are Very Hard to Succeed In

May 2, 2020