Category Archives: adcvs

Andersen scraps Holborn move

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Israel launches spy satellite to keep a better eye on enemies

first_img“We will continue to strengthen and maintain Israel’s capabilities on every front, in every place,” said Defense Minister Benny Gantz.The Defense Ministry called Ofek 16 “an electro-optical reconnaissance satellite with advanced capabilities.”The first images will be received in about a week.State-owned Israel Aerospace Industries was the main contractor for the project and the satellite’s payload was developed by defense firm Elbit Systems. Israel on Monday launched a new spy satellite that it said would provide high-quality surveillance for its military intelligence.Israel has been building up its surveillance capabilities to monitor enemies such as Iran, whose nuclear program it sees as a major threat.The satellite, called Ofek 16, was shot into space early Monday morning from a site in central Israel by a locally-developed Shavit rocket, which was used to launch previous Ofek satellites. Topics :last_img read more

Despite modest recovery, global marine insurance sees uncertain future

first_imgMarine underwriting premiums for 2019 recorded a reduction of 0.9% year over year and were estimated at $28.7 billion, the International Union of Marine Insurance (IUMI) said. As informed, 2019 saw Europe’s global share reduce slightly from 46.4% (2018) to 46.3% and Asia’s share increase modestly from 30.7% (2018) to 31.8%.  Loss ratios in Europe improved slightly in 2019 but are likely to reach at least 80% once the underwriting year is fully reported. Loss ratios in Asia are slightly improved at just below 70% and the ratio has dropped in the Latin American market to around 60%.  The global premium base for the cargo market for 2019 was reported to be $15.6 billion – a 1.5% reduction from 2018. Exchange rate fluctuations impact most heavily on this sector and so comparisons with earlier years cannot be exact, according to IUMI. Global premiums relating to the ocean hull sector are relatively stable. IUMI reports a 2019 premium number of $6.9 billion representing just a 0.2% increase on the previous year.  Illustration. Image by Kees Torn/Flickr under CC BY-SA 2.0 license Categories: Cargo Posted: 17 days ago According to Graham, due to COVID-19, there has been lower utilisation of certain vessel classes such as containerships, cruise ships and yachts. A direct result is the abnormally low level of claims incidents recorded in recent months. Global premiums have stabilized but the global fleet continues to grow. Whilst this has slowed the increase of the gap, the gap still remains and is likely to continue to widen. In general, the age of the world fleet is increasing which is reducing the overall value of the asset base. This, in turn, has the potential to negatively affect premiums.  “Similarly, COVID has negatively impacted the oil price causing a slow-down in offshore activity. Underwriters need to be aware of the uncertain consequences of a return to more normal levels of production.” “Cargo and hull results started to recover somewhat in 2019 but from a very low – and for the hull market, unsustainably low – level. In the context of the COVID-19 disruptions in 2020, the challenge is to analyse how the current changes in the market environment will impact marine insurance market trends going forward,” Astrid Seltmann, Vice-Chair of IUMI’s Facts & Figures Committee, commented. The correlation between the size of the world fleet and the value of global premiums has been diverging (in terms of tonnage) since 2011, but 2019 numbers show that this unsustainable situation is moderating, IUMI said. “The numbers we are reporting today (15 September) cover the 2019 underwriting year and are pre-COVID-19. In the past, we’ve been able to analyse trends to get an understanding of potential future outcomes but COVID is such a significant global event that it will inevitably impact on all statistics, including IUMI’s,” Philip Graham, Chair of IUMI’s Facts & Figures Committee, explained. Loss ratios in Europe for the years 2014-2016 were particularly high, but all recent years up to 2019 were under the influence of increasing exposure to nat-cat or man-made events combined with accumulations on ships and in ports which were not necessarily reflected in premiums. 2019 started at around 60% which demonstrates a modest improvement compared with previous years and is expected to end slightly below 70% if the year follows a standard development pattern. “While this is good for underwriters in the short-term, we should be wary of a return to normality as utilisation begins to increase.” Ocean Hullcenter_img Human Capital “However, we must also be mindful of how the pandemic has financially impacted many of our clients and the potential impact that could have on risk management. As importantly, we must not forget the sacrifices being made every day by all those at sea who as a result of the pandemic have continued to serve world-trade in extremely challenging conditions for extended periods and often without the ability to see loved ones for a considerable time with the associated fatigue and mental anguish that accompanies that”. In general, cargo premiums are strongly correlated with world trade values but they have lagged behind in recent years. IUMI’s 2019 numbers do not account for the impact of COVID-19 but the virus has injected significant uncertainty into future world trade forecasts in terms of values, volumes and changing trade patterns. This makes it difficult to predict the performance of the cargo market going forward, IUMI noted. For global marine premium by line of business, cargo continued to represent the largest share with 57.5% in 2019, hull 24.1%, offshore energy 11.7% and marine liability 6.8%.  Accumulation of cargo in stock and in transit has been exacerbated by COVID-19 due to port congestion and delivery delays. This is also increasing the likelihood of damage to vulnerable cargoes such as refrigerated goods.     “In my view, the coronavirus pandemic has, in a few short months, digitally moved many industries, particularly the insurance industry forward by at least a generation. In many ways this is extremely positive and we need to maintain that momentum as we look to improve efficiencies and manage down the transitional cost of insurance, driving a more flexible, efficient and inclusive environment,” he continued. “Clearly there is a lag between IUMI’s reported 2019 numbers and the effect that COVID is having on the marine insurance markets. The loss ratio figures as of 2019 suggest the start of a modest recovery in the hull and cargo segments and a continued fragile balance in the energy segment, but it is still early days and it remains to be seen how far COVID-19 will impact these trends going forward.” The increasing risk continues to blight this sector including man-made and naturally occurring incidents. Fires on containerships represented a significant amount of cargo loss in 2019 and have continued into 2020 with a major car carrier and VLCC fire. Specifically, different market sectors have reacted differently to COVID-19. Cruise and offshore have been significantly impacted and, to a lesser extent, has the containership sector. Other markets such as crude oil tankers have fared much better, particularly from the demand for floating storage. The general reduction in vessel utilisation has been positive for the claims environment but underwriters should beware of a potential increase in claims cost due to lapsed maintenance routines, the delay of spare parts or surveys, and an unusual accumulation of high-value vessels in areas exposed to natural catastrophes, Seltmann said, adding that vessel fires and other major issues in the North and South American inland waterways continue to be a cause for concern. “Taking all into account, around the turn of the year there was confidence that a modest market development was beginning to get underway – albeit from a very low base – and that should be encouraging for marine insurers across the globe.“ The long-term downward trend in total losses continues and has now reached an all-time low. However, as with the cargo sector, large vessel fires remain an issue. A major loss incurring unprecedented cost remains a significant risk and one that could impact catastrophically on the hull sector. COVID-19 has reduced vessel utilisation and this has impacted positively on claims since early 2020.  Loss ratios in Asia were stable until 2014 but then increased dramatically to around 60% in 2018; there appears to be a slight improvement in 2019 with a loss ratio of around 50%. In Latin America, the ratio is stable in the 50-55% range. Taken together, these loss ratios indicate the beginnings of a market recovery.  “There are a number of substantial changes which don’t allow us to simply extrapolate the data going forward but which need close monitoring of world trade and shipping trends and their impact on the marine insurance segments. The same applies to IMO 2020 and the ongoing endeavors of the industry to improve sustainability by introducing new technical solutions – these are very welcome but they create new types of risk.”    Posted: 17 days ago IMO Secretary-General warns of increasing risk of casualties as some seafarers are stuck at sea for over 17 months With the arrival of COVID-19 and the related changes coming in with full force from the Q2 2020, the degree of uncertainty surrounding the future of marine underwriting has increased considerably again. However, as marine insurance is all about handling risk, the industry is confident to deal with these additional challenges in a professional way,” Seltmann concluded.last_img read more

Study claims family dinners are elitist, put unnecessary pressure on mothers

first_imgCampus Reform 9 September 2014A study published by professors at North Carolina State University claims that pressure put on mothers to cook nightly meals is elitist and stressful for working class families.Published in late August, “The Joy of Cooking” reports the authors’ findings after interviewing 150 mothers from diverse ethnic backgrounds over the past year-and-a-half. The professors also spent time shadowing 12 working-class and poor families.According to the study, the heightened pressure from influential figures like Michael Pollan and Michelle Obama for families to sit down to healthier, home cooked meals on a nightly basis has become a source of stress for American mothers. The study refers to the message that “good mothers” cook for their families as “unrealistic.”Authors Sarah Bowen, Sinikka Elliott, and Joslyn Bretton (a professor at Ithaca College) relay a number of anecdotes culled from their body of research. Interviewed women cited time, money, and picky children as obstacles.“Romantic depictions of cooking assume that everyone has a home, that family members are home eating at the same time, and that kitchens and dining spaces are equipped and safe,” the authors write. “This is not necessarily the case for the families we met.”http://www.campusreform.org/?ID=5894last_img read more

First Australian bushfire evacuees land in Melbourne

first_imgEvacuees arrive from Mallacoota on the navy ship MV Sycamore at the port of Hastings, Victoria, Australia on Jan. 4. AAP IMAGE/NEWS CORP POOL, IAN CURRIE/ VIA REUTERS SOMERVILLE – The first of thousands ofresidents and vacationers stranded on a beach in southeastern Australia havelanded near Melbourne on Saturday morning after a 20-hour journey by ship. Bushfires have killed 21 people so farsince September and destroyed over five-million hectares (13-million acres) ofland. A much bigger ship, carrying around1,000 people, is due to arrive in the afternoon, with buses lined up to ferryevacuees to the local recreation center and Melbourne’s convention center.(Reuters) They were rescued from Mallacootawhere around 4,000 people fled to the waterfront on New Year’s Eve as firesripped through the town in one of the communities worst hit by wildfires.last_img read more

Batesville Named In Human Trafficking Report

first_imgLaw enforcement leaders say building public awareness and education are key to stopping these crimes and holding traffickers accountable. Photo courtesy Indiana Attorney General’s Office.A report issued by the Cleveland-based nonprofit Imagine Foundation examined the patterns of commercial sex trafficking in the Cincinnati area.About 3,000 advertisements for sex services in the Tri-State region were logged on a classifieds website from June 1 through August 31. According to the report, 17 advertisements were for the Batesville/ Harrison area.The report said, “We found an inordinate amount of commercial sex advertisements coming out of the following areas: Sharonville, the downtown Cincinnati area, Sprindale, Northgate, Norwood, Fairfield, Batesville, Harrison, Covington, Newport and the Western Hills area.”“When these areas are plotted on a map of the greater Cincinnati area, they correspond to the interstate system in and out of the area.”The report added that the average price for commercial sex in the region was about $150 an hour.Human trafficking is considered one of the fastest-growing crimes in the world, and hundreds are victims in Indiana each year. According to Abby Kuzma, with the Indiana Attorney General’s office, it’s a major problem that happens when people are recruited to work or provide a variety of services, from housekeeping to sex, through the use of force, fraud or coercion. She said that in Indiana, 60 percent of trafficking cases involve sex, with victims as young as 12.“There’s a tremendous amount of violence, and you have kids being pulled into this who are being manipulated by adults into this horrific lifestyle,” she charged.Efforts in Indiana to educate the public and law enforcement about trafficking include the “Don’t Buy the Lie” campaign, which promotes zero tolerance for the sex trade. The Attorney General has also supported legislative changes that make it easier to prosecute traffickers and hold them accountable for their crimes.Kuzma said human trafficking also involves forced labor, and often victims are foreign-born and are brought to the U.S. under false pretenses as they seek employment.“Basically, the individual in many instances does not get paid at all or does not get paid a fair wage, and does not feel free to leave because of this debt that they owe,” as she described the situation. “That’s why it’s called ‘debt bondage.’”Kuzma said trafficking can happen to families from any social or economic group, and traffickers find ways to exploit a victim’s vulnerabilities, which may include youth, poverty, unemployment, or desperation. She said they use abduction, fake businesses, and newspaper or online ads to find their victims.“The Internet is being used to traffic kids through escort services ads, and also to recruit kids through Facebook and Twitter – all kinds of social media – so, we really need to be careful,” she said.Kuzma encourages Indianans to report suspected human trafficking situations. Red flags to look for include people who are never left alone, who may exhibit signs of physical abuse or psychological trauma, or who live and work in the same location.January is National Slavery and Human Trafficking Prevention month.last_img read more

Lady Cardinal Hoops Results

first_imgThe 5th Grade Lady Cardinals traveled to Laurel to battle the Yellow Jackets on Thursday Night. The Cardinals came away with a win, moving to 3-5 on the season. The final score was 20-14. It was an intense game all around with everyone contributing. Isabel Imel, Katelyn Rahe, Meg Ritter, Cora Roth and Paige Watters all played a tough defensive game, grabbing many rebounds and steals! Leading the scoring for the night was Rachel Suttmann with 10 points, Jaelyn Owens and Karsyn Watson with 4 points each and Bridget Lohmueller with 2 points. Next week the Cardinals wrap up the season with a home game on Monday and at St. Nicholas on Thursday.  Courtesy of Cardinals Coach Anne Suttmann.The 6th Grade Lady Cardinals traveled to Laurel Thursday night and lost 20 to 13. Scoring for the team , Lucy Abplanalp 6 points, Kaitlin Rahe, Bridget Lohmueller, Rachel Suttmann all with 2 points and Maria Voegele had 1 point. The Lady Cardinals host St. Lawrence this coming Monday night for their final home game of the year. Courtesy of Cardinals Coach Dan Abplanalp.The 7th Grade Lady Cards won over South Dearborn 30-27.  Scoring for SLS were Catherine Streator with 12 pts, Claire Saner with 6 pts, Kate Weber with 5 pts, Sadie Wachsmann with 3 pts, and Izza Wonnell and Rhea Miller both bring 2 pts to the game.  We started off a bit slow but found our second half game and played well.  The girls are now 13-1 on the season.  Nice job ladies.The 8th Grade Lady Cardinals fell to the Lady Squires.  The final score was 42-16.  Scoring for SLS were Megan Bauer with 5 pts, Summer Ratcliffe with 4 pts, Catherine Streator with 3 pts, and both Anna Wanstrath and Kate Weber scoring 2 pts each.  Nice job ladies.Courtesy of Cardinals Coach Erin Trenkamp.last_img read more

Mirallas to wait on ankle injury

first_imgEverton forward Kevin Mirallas will have to wait until the end of the week to discover the extent of his ankle injury. “We are still doing some tests and nothing is conclusive yet,” manager Roberto Martinez told evertonfc.com. “It’s clearly ankle damage and we are not going to find out until the next two or three days the extent of the injury.” Press Associationcenter_img The Belgium international was carried off on a stretcher after being chopped down by Jordon Mutch having previously scored in the 3-1 win over QPR on Monday. Mirallas has had scans today but the outcome will not be known for a couple of days. last_img read more

Udeze returns to USC as defensive line coach

first_imgUSC football’s coaching staff is now complete after head coach Clay Helton announced the hiring of Kenechi Udeze, a former Trojans’ All-American defensive end, as defensive line coach.Udeze served as an assistant strength and conditioning coach for USC last season. He spent three seasons playing for the Trojans from 2001-2003 before declaring for the NFL draft as a redshirt junior.Helton lauded Udeze’s effectiveness in preparing for the Holiday Bowl and his bright future as a coach.“There are times in your career when you meet someone and just know that they are going to be a superstar in the profession,” Helton said. “Kenechi is that person. I was blown away by his attention to detail with technique and fundamentals in our recent bowl game preparation … His knowledge of the game is something that is going to be critical to the development of our young defensive line. Kenechi is a Trojan to the core and his passion for USC is felt by all.”The 32 year-old Udeze was a star during his playing days at USC, where he achieved numerous accolades anchoring former coach Pete Carroll’s defense. He was named to the Freshman All-American second team and as a sophomore, made the All-Pac-10 second team. He had a strong junior campaign, helping the Trojans win a national championship in 2003 when he became the first USC defensive end to be named to the All-American first team since Tim Ryan in 1989. Udeze also led the nation in sacks, averaging 1.3 a game. Over the course of his playing career, he recorded 28 sacks, and his 14 forced fumbles is tied for an NCAA record.However, Udeze’s NFL career was cut short after he was diagnosed with acute lymphoblastic leukemia in 2008. As the 20th overall pick by Minnesota in 2004, he spent four seasons with the Vikings, where he started in 47 of 51 games. Udeze retired in 2009 after a brief comeback attempt.Since then, he has served as a coach in some capacity at the collegiate or pro level. After spending three years with the Washington Huskies as an assistant strength and conditioning coach, Udeze worked as an assistant with the Seahawks, Vikings, Steelers and Bills in the NFL.“You want to make an impact wherever you are, but really, I think it kind of hits home a little more because you see yourself in these young men,” Udeze told the Los Angeles Times when he returned to USC as an assistant strength and conditioning coach last year. “As clueless as they may be coming from high school, like I was, it’s really good to give them what they need.”With Udeze onboard, Helton appears finished assembling his new coaching staff. Udeze will join Clancy Pendergast, Johnny Nansen, Ronnie Bradford and John Baxter as defensive assistants. The team’s attention will now turn to National Signing Day, a week from Wednesday.last_img read more

NASCAR penalizes Xfinity team for illegal test at Daytona

first_imgLast Updated: 5th August, 2020 09:49 IST NASCAR Penalizes Xfinity Team For Illegal Test At Daytona NASCAR has fined an Xfinity Series team $50,000 because driver Alex Labbe violated the testing policy for the road course at Daytona International Speedway 1 month ago Cup-winning crew chief teaming up with Daly for Indy 500 SUBSCRIBE TO US NASCAR has fined an Xfinity Series team $50,000 because driver Alex Labbe violated the testing policy for the road course at Daytona International Speedway.NASCAR will race on that configuration for the first time later this month and is not holding any practice sessions before the events. The sanctioning body has said drivers may participate in only one race that weekend in an effort to prevent competitors from gaining experience on the course.In an attempted workaround of the rules, Labbe went to an SCCA event last weekend at Daytona to try to learn the circuit. NASCAR officials caught wind of his presence and ordered Labbe off the track.NASCAR viewed Labbe being on track as an illegal test because of the car used. The Xfinity rule book states: Private vehicle testing by any race team, employee, contractor, affiliate, associate, subsidiary, or surrogate is strictly prohibited. Another section states: “NASCAR, in its sole discretion, will determine in advance what constitutes an authorized test. In general, only tests conducted under the NASCAR National Series Unified Testing policy are considered to be authorized tests. Labbe at the test was listed in Regional Race Group 7 in a 2019 Chevrolet Camaro. The 2019 Chevrolet Camaro is the approved model for Chevy teams in the Xfinity Series.Team owner Mario Gosselin was fined $50,000 and docked 75 points in team owner standings for violating the private test policy. Labbe also was docked 75 points in driver standings – he already was 73 points out of the 12th and final playoff spot before the penalty and is now 148 points out.Very few current NASCAR drivers have ever raced on Daytona’s road course, with their only previous chances coming in IMSA’s Rolex 24 endurance race. Reigning Cup champion Kyle Busch participated in the Rolex in January, while Xfinity Series driver Austin Cindric competed in the Rolex in 2018 and 2019.Image credits: AP First Published: 5th August, 2020 09:49 IST WATCH US LIVE 1 month ago Aubrey Huff takes a shot at NBA star LeBron James for wearing shorts and carrying a purse FOLLOW US LIVE TVcenter_img 1 month ago Keselowski wins in New Hampshire for 3d win since shutdown COMMENT Associated Press Television News 1 month ago Finger Lakes area expects economic hit from cancelled race Written By WE RECOMMEND 1 month ago US Soccer hires NASCAR’s Leetzow as chief legal officerlast_img read more