Insurance company Mapfre to stop underwriting new coal mines and power plants

first_imgInsurance company Mapfre to stop underwriting new coal mines and power plants FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Global insurance group Mapfre SA will no longer underwrite construction of coal mines and coal-fired power plants or invest in electric utilities that derive at least 30% of their revenue from coal-produced energy, the company announced during its annual general meeting March 8.One-third of the global reinsurance market has restricted cover for coal projects, according to a December 2018 report from the U.S.-focused arm of the international Unfriend Coal campaign, which has been pushing European insurers away from coal and other fossil fuels.Lucie Pinson, European coordinator for Unfriend Coal, in a news release called the announcement “woefully short of the action necessary to completely phase out coal in Europe by 2030” because it did not mention plans for restricting coal infrastructures, divesting shareholdings or applying the policy to its reinsurance business.Mapfre companies in Spain and Portugal are expected to be carbon-neutral by 2021, when carbon emissions from the insurance company will be reduced by 61%, a Mapfre release said.Mapfre joins Vienna Insurance Group AG, Generali, Munich Re Co., Swiss Reinsurance Co. Ltd., Allianz SE, Zurich Insurance Group AG, Scor SE and Axa in backing away from coal investing.More ($): Global insurer Mapfre to stop underwriting new coal projectslast_img read more

Florida man fatally shot after attempting to help woman who was being attacked

first_imgThe Tequesta police department is reporting that a 35-year-old man was shot and killed Sunday after he attempted to help a woman who was being attacked by her boyfriend.According to the report, 28-year-old Bryan Bacallao and his girlfriend were arguing on a residential street when Bacallao grabbed his girlfriend by the neck and tried to force her to the ground. The victim, Justin Todd saw the incident and attempted to intervene. That’s when Bacallao pulled out a gun and shot Todd once in the chest.Bacallao later told police that he feared for his life because Todd was much bigger than him. Once Todd began walking towards him, Bacallao told him to step away and then fired his gun.Bacallao has since been arrested and charged with murder. His first court appearance was scheduled for Monday morning where a judge denied him bond.last_img

New Business Organizational Structures Why Its Time to Blow Up Convention

first_imgIt’s time to turn those innovation initiatives towards your org chart and create new business organizational structures.New Business Organizational Structures: Why It’s Time to Blow Up ConventionAnyone with even a passing knowledge of history can tip their hat to many of the truly groundbreaking developments of the Industrial Age. But even the staunchest history buff would agree that, while remarkable for their time, those innovations would be antiquated at best in today’s business landscape. So why do the vast majority of companies continue with an employee hierarchy that wouldn’t seem out of place in a museum? In this post at GigaOM Dave Kashen, founder of Unleashed, points to examples of new business organizational structures and explains why you should consider adopting one. Kashen points out that while classic organizational structures treat employees more like interchangeable cogs in a greater machine, a few pioneering companies are abandoning these rigid structures for innovative org charts that empower employees more than ever before. Click “Full Story” below for details on some new, innovative structures.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more