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Business

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Finance

Insurance industry workers: how is climate-related risk managed in your company?

Whether you’re a modeller, actuary or underwriter, we’d like to hear how the insurance industry is dealing with climate risk With more frequent storms, floods, wildfires and drought, caused by climate change, having a huge impact on property around the world, we’d like to find out how the insurance industry is managing climate change risk. There have been reports of insurance workers, who analyse risk around a natural disaster, coming under pressure to downplay losses in order to keep premiums affordable for customers. The practice of underestimating risks to keep insurance premiums down could

The Guardian
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Finance

Anti-AI populism is the future of American politics | Garrison Lovely

Democrats should drag Sam Altman, Dario Amodei and Elon Musk before the world and make them explain just what it is they’re trying to do and why The AI industry had a bad night last week. The Democrats’ sweeping midterms victory is a rebuke of Donald Trump, the industry’s most powerful champion. Continue reading...

The Guardian
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Finance

Economic relief is on the way, Democrats say. But what, how and when?

Winning candidates promised to cut costs, rein in corporations, curb billionaire power and improve the economy Don’t worry, cash-strapped Americans, “relief is on the way”, the senator Chuck Schumer promised last week in a press conference celebrating Democrats’ massive midterms win. Winning candidates promised to cut food and healthcare costs, rein in corporations ripping off consumers and workers, curb billionaire power and make the world’s biggest economy better serve the working class. Continue reading...

The Guardian
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Finance

UK households face rush to find green energy installer to beat April VAT hike

Ministers pushed to reverse ‘policy madness’ of scrapping exemption on 5% tax rise for heat pumps, solar panels and batteries Households planning to invest in green energy upgrades, including heat pumps and solar panels, risk a nationwide rush to find an installer or face hundreds of pounds in unexpected costs unless the government abandons its looming VAT increase. Ministers are under growing pressure to reverse plans to scrap the 5% VAT exemption on home heat pumps, solar panels and batteries from 1 April which could add up to £1,530 on to the cost of a smart home energy system amid record d

The Guardian
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Finance

Rare call for more electricity supplies as wind power drops across Europe

Neso issued ‘electricity margin notice’ for gas power plants in Britain to fire up and boost generation this morning amid energy shortfall The government body tasked with keeping the lights on issued a rare call for more electricity supplies on Monday morning due to low wind power generation forecasts across Europe. A notice issued by the National Energy System Operator (Neso) on Sunday night said it faced a “shortfall” of almost 1,400 megawatts in its electricity supply margins from 6am until 11am on Monday. Continue reading...

The Guardian
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