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Bindura Nickel Corporation Limited 2010 Annual Report

first_imgBindura Nickel Corporation Limited (BIND.zw) listed on the Zimbabwe Stock Exchange under the Mining sector has released it’s 2010 annual report.For more information about Bindura Nickel Corporation Limited (BIND.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bindura Nickel Corporation Limited (BIND.zw) company page on AfricanFinancials.Document: Bindura Nickel Corporation Limited (BIND.zw)  2010 annual report.Company ProfileBindura Nickel Corporation is a mining company operating mines and a smelter complex in Bindura, Zimbabwe; engaged in the mining and extraction of nickel, and production of nickel by-products (copper and cobalt). The company’s current projects include a shaft re-deepening project, sub-vertical service winder and main rock winder drives upgrade project, concentrator plant and sub-vertical medium voltage switch room equipment replacement project, and a smelter restart project. Founded in 1966, BNC is a subsidiary of Zimnick Limited and operated and majority-owned by Mwana Africa plc, an African multi-national mining company based in Johannesburg, South Africa. The operating subsidiary of BNC is Trojan Nickel Mine Limited. Bindura Nickel Corporation is listed on the Zimbabwe Stock Exchangelast_img read more

2 shares I think could bounce back quickly when the market recovers

first_img2 shares I think could bounce back quickly when the market recovers I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Andy Ross owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares It’s understandable that shares in airline easyJet (LSE: EZJ) have been among the hardest hit by fears relating to the coronavirus. Obviously fewer people will fly if they think it means they will catch a deadly virus – or if flights are cancelled.Any further bad news is likely to keep pushing the shares down, but any recovery in the market and easing of fears around coronavirus would have the opposite effect. EasyJet’s shares could take off in such a case.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The business itselfEasyJet itself isn’t performing badly. Excluding coronavirus, it has a number of positives. One is its 4% dividend yield.A second is that easyJet has a strong brand, which may explain why it is consistently able to push up passenger numbers. Between 2008 and 2017, its passenger numbers almost doubled to over 81m. The brand is strongly associated with value, meaning cheaper flights, which is a good part of the market to be in at the moment given economic worries.As one of the stronger operators in a very competitive industry, easyJet tends to benefit from the collapse of weaker rivals. Collapses such as that of Monarch in recent years have allowed it to pick up more airport landing slots and more passengers.the company faces a number of longer-term challenges that are beyond its control – for example, the price of oil, increasingly erratic weather, and strikes. But the business itself is well run. Now could be a good time to pick up the shares at a cheaper price. Especially if you think coronavirus won’t hit the economy as hard as has been feared.A high yielderAviva (LSE: AV) shares are about 13% cheaper than they were just a month ago, despite not having issued any negative news. This can only be explained by the wider market collapse which has dragged down nearly all share prices on the market.With a lower share price comes a higher dividend yield. Aviva’s shares now provide investors with a yield of nearly 9%.The company has squeezed out operating profit growth of 1%, driven by strong results in its general insurance business. Digitalisation and a slimming down of the group – a key priority of management – give further opportunities for the insurer to improve profitability. Also helping is a focus on cutting debt. Debt eats up profits so reining this in is a good move for investors.The business faces challenges, especially around growth, which is perhaps not surprising given how large it is. Given the size of the recent fall in the share price, there’s little reason to think the shares won’t jump back up when the market recovers.My belief is that when the markets do recover from the recent heavy fall, then these two companies are front of the pack to see their battered share prices quickly rise again. Image source: Getty Images. Enter Your Email Addresscenter_img Andy Ross | Thursday, 5th March, 2020 | More on: AV EZJ “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Andy Rosslast_img read more

These FTSE 100 stocks have dived in the last year. I’d buy these cheap shares now

first_img Our 6 ‘Best Buys Now’ Shares Peter Stephens | Thursday, 14th January, 2021 Enter Your Email Address These FTSE 100 stocks have dived in the last year. I’d buy these cheap shares now Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Peter Stephens owns shares of Rolls-Royce and Taylor Wimpey. The Motley Fool UK has recommended Burberry. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Peter Stephens A number of FTSE 100 stocks continue to trade at low price levels following a challenging year for the stock market. Their short-term prospects may continue to be difficult due to disruption caused by coronavirus. However, they could deliver impressive recoveries in some cases over the coming years.As such, now may be the right time to buy a selection of cheap shares and hold them for the long run. Through building a diverse portfolio of stocks, it’s possible to limit overall risk and enjoy higher potential rewards in a likely stock market recovery.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Buying cheap FTSE 100 stocks for the long runIn the last year, FTSE 100 stocks such as Burberry have experienced hugely difficult operating conditions. The luxury goods business has been forced to close many of its stores due to lockdown measures. This has prompted a 20% fall in its shares in the last year.However, it’s seeking to adapt to this situation through ramping-up its online business. This may improve its competitive position in the long run, as consumers increasingly move online to purchase goods. Burberry has also received positive feedback from customers regarding its new designs. It’s also been focusing on becoming more efficient, which may lead to a leaner business that’s more adaptable to changing consumer tastes.A resilient operating outlookOther FTSE 100 stocks such as Taylor Wimpey have experienced resilient demand for their goods and services despite coronavirus disruption. The company recently reported a robust level of demand among homebuyers, which suggests that low interest rates have the potential to encourage a larger number of first-time buyers.After a 20% decline in its share price over one year, Taylor Wimpey now has a forward price-to-earnings (P/E) ratio of around 11. This could include a margin of safety. Certainly if the outlook for the UK economy improves through the course of 2021. With a growing land bank and large cash balance, the stock seems to be well-placed for a recovery.A challenging future that offers turnaround potentialRolls-Royce has been one of the largest fallers among FTSE 100 stocks. In the last year, its share price has declined by over 50% because of grounded flights across the civil aerospace sector. This situation could remain in place for much of 2021. However, investors could look ahead to the return of fewer travel restrictions before they come into place.The business has strengthened its capital position through an equity placing. It’s also been looking to cut costs through measures such as headcount reduction. In the long run, this could create a more streamlined business. Consequently, this should help place the business in a good position to benefit from a likely return to normality in the civil aviation industry.As such, while it remains an unpopular stock, there may be turnaround potential on offer.last_img read more

Who is Siya Kolisi: Ten things you should know about the Springbok captain

first_imgIn 2021, he moved from Stormers to Durban-based franchise Sharks.MORE ON SIYA KOLISI 10. Kolisi has officially adopted his younger half-siblings, Liyema and Liphelo. They now live in the family home with his wife and their two children, Nicholas and Keziah. Find out about the influential flanker’s inspirational story @SiyaKolisi_Bear 50th test cap @Makazole16 and @Cheslin_Kolbe11 tries Unbeaten in all three RWC finals @Springboks beat @EnglandRugby to record their highest RWC final points tally and equal @AllBlacks on three Webb Ellis Cups#RWC2019 pic.twitter.com/foFkOCooWp— Rugby World Cup (@rugbyworldcup) November 2, 20204. He didn’t speak any English when he first arrived at Grey, only fluent in his first language of Xhosa. A classmate, Nicholas Holton, taught him English and is still one of Kolisi’s closest friends – he was best man at his wedding.5. His professional career began at Western Province, whom he debuted for in 2011 against the Golden Lions in the Vodacom Cup. The next year saw him claim a starting berth for the Stormers in Super Rugby, but a thumb injury meant he missed Western Province’s Currie Cup triumph that season. South Africa captain Siya Kolisi had a tough… Siya Kolisi with the World Cup and World Rugby Team of the Year Award (Getty Images) Siya Kolisi’s journey from township to Test star Maro Itoje joins Jay-Z’s Roc Nation group Expand Who is Siya Kolisi: Ten things you should know about the Springbok captainSiya Kolisi is one of the most significant figures in the modern game, being named rugby’s most influential person of 2020 by Rugby World magazine.Not only did he lead South Africa to their third Rugby World Cup title in 2019, but he is also the national team’s first black captain in their 126-year history.Here are a few more facts about the irrepressible flanker.Ten things you should know about Siya Kolisi 1. Kolisi was born on 16 June 1991 in the Zwide township of Port Elizabeth, on the Eastern Cape. He did not have a privileged upbringing, telling Rugby World in an interview that his favourite toy when growing up was a brick.2. His parents were teenagers when he was born, with his mother Phakama dying when Kolisi was only 15. After this, he was raised by his grandmother, Nolulamile.3. Kolisi started rugby at the age of seven, following in the footsteps of several family members. His junior team was named the African Bombers, and he played for them for five years before he was offered a rugby scholarship to the acclaimed Grey College. Siya Kolisi’s journey from township to Test star Collapse Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter. The South Africa captain is in top spot… 6. Kolisi is Springbok #851, making his debut against Scotland in Nelspruit in 2013. South Africa won 30-17, overcoming an 11-point deficit. The match also saw Tim Swinson and Tommy Seymour make their first international appearances for Scotland.7. He scored his first international try in Durban against France on 17 June 2017, the day after his 26 birthday. He managed to brilliantly intercept a ball around his ankles and streak away for the score, helping secure a 37-15 win.Kolisi, Tendai Mtawarira and Cyril Ramaphosa all celebrate with the Webb Ellis Trophy (Getty Images)8. Like the relationship between Nelson Mandela and Francois Pienaar, there is a close relationship between current South Africa President Cyril Ramaphosa and Kolisi. The two call each other after many Springbok matches and celebrated on the pitch after the 2019 Rugby World Cup triumph.9. Alongside his wife Rachel, Siya runs the Kolisi Foundation, which aims to provide assistance and opportunities for South Africans from vulnerable and disadvantaged communities. During the Covid-19 pandemic, the foundation provided PPE to frontline medical workers. Maro Itoje joins Jay-Z’s Roc Nation group Siya Kolisi Named Most Influential Person in Rugby Expand Maro Itoje joins Jay-Z’s Roc Nation group Thanks… LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Siya Kolisi Named Most Influential Person in Rugbylast_img read more

City Council votes 5-0 to advance HUBZone project

first_img South Apopka leaders, community support “the greater good”The Apopka City Council voted on two ordinances during Wednesday’s meeting that will change the zoning classification of a City-owned, 10-acre tract  located in South Apopka, north of East Cleveland Street and west of Sheeler Avenue from Parks and Recreation to Light Industrial. The vote was 5-0 in favor.This vote moves the City one step closer to beginning negotiations with  the Aero-Tel Wire Harness Corporation to swap a parcel of land it owns outside of the Small Business Administration HUBZone, for this parcel inside the HUBZone, and bring a business primed to hire up to 100 employees to this South Apopka neighborhood.There was enough pushback from that community at the December 16th City Council meeting to cause the Council to table the issue for a month. In that time, the nearby residents, leaders from the South Apopka community,  and County Commissioner Bryan Nelson  visited with the owner of Aero-Tel, and had a change of heart. They are now endorsing the zoning change, and welcome Aero-Tel to the Cleveland Street parcel.But before the public could endorse the project, the City Council discovered additional information dating back to 1979.“I did some research on that piece of property,” said Commissioner Diane Velazquez,” And I found in 1979 that property was purchased for the sole use of a sewer plant at that time.”In his research, Mayor Joe Kilsheimer recalled something Mayor John Land said about purchasing land for the City of Apopka.“Today we have new circumstances and new opportunities and I think that’s the purpose – to pursue new opportunity.”Mayor Joe Kilsheimer“I do remember Mayor Land said that banking land for future use was a good effort by the city,” said Kilsheimer. “And I know they were interested in expanding the spray fields.”The term “spray field” refers to the release of reclaimed water on the surface of the ground through a variety of sprinkler heads or nozzles.  The water then soaks into the ground and re-charges the aquifer.He also explained why the property may have been give a Parks and Recreation zoning distinction.“Parks and Recreation was designed to make it the least likely for development,” he said. “It would make it hard to develop anything there. But today we have new circumstances and new opportunities and I think that’s the purpose – to pursue new opportunity.”Lamar Hughley, was a vocal opponent of the project a month ago, but now is in support, despite having the light industrial business next door to his residence.“I’m one of the homeowners who was against this petition,” he said. “The homeowners didn’t hear anything about this situation. All we heard was industrial. Progress is bought with a price. And hopefully the homeowners are sacrificing for something great.”Pastor Richard King of St. James AME Church and a member of the South Apopka Ministerial Alliance, had praise for the City Council, and appreciation for the time given to further research the project.“I want to thank Commissioners (Bill) Arrowsmith and  Commissioner (Billie) Dean for their wisdom in tabling this issue until the people most effected could get more information,” said King. “Thank you for hearing us. While we are not lining up to be the manufacturing capitol of Apopka, we are willing to sacrifice for the greater good that will bring clean jobs to our communities.” You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment. Florida gas prices jump 12 cents; most expensive since 2014 UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom LEAVE A REPLY Cancel reply Please enter your name here TAGSCommissionerCommissioner Billie DeanDiane VelazquezHUBZoneMayor Joe Kilsheimersouth apopka Previous articleHighland Manor: Save it, Move it, or Tear it Down?Next articleAccountability, not race, the reason for single member districts Denise Connell RELATED ARTICLESMORE FROM AUTHOR Share on Facebook Tweet on Twitter Please enter your comment!last_img read more

On U.S. bases, schools, roads and parks – Symbols, names reinforce institutional racism

first_imgFollowing the June 17 racist massacre in South Carolina, a groundswell of activists has pushed to eliminate the glorification of Confederate history throughout the South and nationally.In the midst of national outrage at the Confederate flag, a symbol of white supremacy and racist terror, flying at the state Capitol building in South Carolina, and as calls to remove Confederate flags and symbols glorifying slavery grew, the Pentagon officially announced that the 10 U.S. military bases named in honor of Confederate generals would not be renamed.Activists gathered to denounce racist violence and to burn Confederate and Nazi flags on June 28 on Journal Square in Jersey City, N.J., organized by the Jersey City Peace Movement and Action 21-NJ. Photo: Eric-Anders NilssonThis Pentagon reaction shows just how deeply racist symbols, rooted in a culture of white supremacy, are consciously kept alive and defended at the highest levels by the U.S. ruling class and its military machine. The timing and the tenor could only give aid and comfort to die-hard reactionaries and the most powerful and entrenched institutions in the South.The naming of U.S. military bases, highways, schools and the erecting of statues in national, state and local parks are not the actions of a “lone wolf”  or backward white workers. The naming of major sites is decided by the local ruling class and by top officer corps of the military, intended to reinforce a very public message of who and what acts deserve honor and emulation.These outrages would be comparable to Germany naming military bases, along with schools, parks, roads and thousands of statues with the likes of the war criminals Adolf Hitler and Nazi generals after Germany’s defeat in World War II.These U.S. military bases project U.S. global power and train an officer caste in global domination.Fort Hood, Texas, is the largest military base in the U.S., named after a Confederate general, John Bell Hood.Fort Rucker, Ala., named for Confederate Col. Edmund W. Rucker, is where all of the Army’s aviation training has taken place since 1973.Fort Bragg, N.C., named to honor Confederate Gen. Braxton Bragg, is home to the 82nd Airborne Division and Special Operations Command Center.Fort Benning, Ga., named for Confederate Brig. Gen. Henry L. Benning, is home to the formerly named School of the Americas, which provides military training tactics of torture, assassination and subversion for Latin American military officers.Fort Gordon, Ga., is home to the U.S. Army Signal Corp and the former base of a military police school. The base is named after Confederate Lt. Gen. John Brown Gordon, head of the Ku Klux Klan in Georgia. Gordon was a vicious segregationist who fought Black Reconstruction following the U.S. Civil War with racist terror. He applauded slavery as “the mightiest engine in the universe for civilization, elevation and refinement of mankind.” (“John Brown Gordon: Soldier, Southerner, American” by Ralph Lowell Eckert, pg. 13)The other five bases named for Confederate generals are Camp Beauregard and Fort Polk in Louisiana, and Fort A.P. Hill, Fort Lee and Fort Pickett, all in Virginia.Many other military bases have buildings, streets and centers honoring these same generals and others. This trend escalated in the 1960s, 100 years after the Civil War. Bestowing honor on Confederate generals was the ruling class’s aggressive response to the militant Civil Rights and Black Liberation movements. At the U.S. Military Academy at West Point, N.Y., a barracks built in 1962 was named in honor of Gen. Robert E. Lee, head of the Confederate Army.New York City’s only U.S. Army base, Fort Hamilton, named its central street, “General Lee Avenue.” It runs for about a half mile in the borough of Brooklyn.Racism – for thousands of milesThousands of miles of highways, streets, roads and central boulevards are named to honor generals and politicians who fought to maintain slavery. For Jefferson Davis, the president of the Confederacy, there are 468 miles of roads bearing his full name.A June 27 New York Times article pointed out that an Internet search of just a few notorious Confederate names turns up hundreds of roads throughout the entire U.S., not only in the South.In Alexandria, Va., a suburb of Washington, D.C., there are major streets named for Confederate Gens. Lee, Beauregard, Pickett, Bragg and James Longstreet. The highway is named for Jefferson Davis. A statue of Jefferson Davis also stands in the National Rotunda of the Capitol in Washington.The sheer number of state, county and local parks named for defenders of racism has been the focus of a growing number of local grassroots struggles.Following a determined campaign, the majority Black city of Memphis, Tenn., in February 2013, rushed to rename its three city parks before passage of the “Tennessee Heritage Protection Act of 2013,” which prohibited changes to any of the monuments, memorials or buildings, etc., named after historical figures, organizations or events — which meant preserving Confederate names.The Memphis City Council resolution changed the name of Confederate Park to Memphis Park; Jefferson Davis Park to Mississippi River Park; and Nathan Bedford Forrest Park to Health Sciences Park. Nathan Bedford Forrest, a Confederate general, was the founder of the terrorist KKK and its first “Grand Wizard.”Challenging racist symbolsIn Tennessee, the Forrest High School in Marshall County is named after Forrest along with a state park and the Reserve Officers’ Training Corps building at Middle Tennessee State University.The local white power structure in Jacksonville, Fla., in opposing desegregation, adopted Forrest’s name for a “white only” high school in 1959 and the name Jefferson Davis for a middle school in 1961. These schools, now with a majority Black student body, were renamed in 2013 after parents organized a national petition on Change.org. There are still seven other schools named for Forrest.A study by the website Vocativ, using Federal data, found at least 188 public and public charter schools nationwide named for prominent Confederate slaveholders. Not all of these schools are in the South. The list includes 78 schools named for Gen. Robert E Lee, including two in California and one in Michigan. At a growing number of schools there are demands to rename them.Momentum and rage are growing. The Black Lives Matter movement has surged forward with its own immediate actions.Three statues of Confederate generals were spray-painted with messages of “Black Lives Matter” at the University of Texas, Austin. In downtown Charleston, S.C., near the Emanuel African Methodist Church, the site of the racist massacre, two Confederate statues were deservedly defaced.  The same message was painted on Confederate memorials in St. Louis, 10 miles from Ferguson, Mo., and in Baltimore; Asheville, N.C.; and Richmond, Va.In an action watched around the world, a Black woman, Bree Newsome, a Charlotte, N.C., educator and activist, scaled a 30-foot flagpole to take down the hated Confederate flag on Capitol grounds.Challenging and rooting out all of these racist symbols will help to educate a new generation to just how deeply rooted and constantly reinforced institutionalized racism is in class society in the U.S. Through struggle, activists will learn that it takes more than a name change to change a society built on glorifying racist terror.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

An Update on Lender-Placed Insurance Guidelines

first_imgHome / Daily Dose / An Update on Lender-Placed Insurance Guidelines The Week Ahead: Nearing the Forbearance Exit 2 days ago An Update on Lender-Placed Insurance Guidelines Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share 1Save September 29, 2018 2,505 Views Collapse Homeowners Insurance Lenders mortgage NAIC Regulations 2018-09-29 Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Financial Impact of Disasters on Homeowners Next: The Week Ahead: Measuring Housing Market Health The Lender-Placed Insurance (LPI) Working Group of the Property & Casualty Committee of the National Association of Insurance Commissioners (NAIC) declined to address proposed new consumer-friendly guidelines at a scheduled national meeting in early August. Instead, after a committee meeting in September, they extended the comment period on the proposed new guidelines to October 31. Following the extended period on comments on the redlined version of the guidelines, reforms are expected to be endorsed by the NAIC by the end of this year.The Working Group is likely to recommend sweeping new standards for the LPI industry segment. State associations would then decide whether to implement the new guidelines as regulations. On the whole, such guidelines are widely, if irregularly, adopted.The industry’s movement to self-correct followed public, widespread difficulties in critical segments that brought to light the shortcoming in LPI practices. In 2011, practices in New York led to multi-million dollar penalties against insurers and lenders and restitution for property owners. At that time, regulators discovered cases of actual “reverse commission” where insurers providing the coverage had created incentives to push premiums higher, allowing lenders and mortgage servicers to share in the profits from the higher rates, and far lower usage of the coverage.According to the NAIC, lender-placed insurance is placed on a home by a bank or mortgage servicer when the homeowner does not maintain valid or sufficient insurance based on the terms of the mortgage agreement. If a homeowner’s insurance policy lapses and is not replaced, many mortgage agreements allow the lender to purchase insurance on the home and require the borrower to pay the premiums. Following the 2008 real estate market crash, consumer groups and regulators raised concerns over the often high premiums and limited coverage provided under lender-placed insurance, as well as the perceived lack of incentives for lenders to select the best policies for the borrowers. After a 2012 NAIC public hearing on the subject, a Working Group was formed to draft a new model law to address these issues. The NAIC acts as a forum for the creation of model laws and regulations. Each state may or may not pass each NAIC model law or regulation. States may delete or modify certain sections if the substance of it already exists in state law. The NAIC comprises the insurance commissioners of each state, Washington D.C., and the five U.S. territories. The current working version of the new guidelines can be viewed here.Comments should be submitted to NAIC’s Tiffany Lewis by October 31, 2018 on [email protected] more about the guidelines here:Insuring Against Collapse Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, Government, News Demetrius Gray is the CEO and Founder of WeatherCheck, the only company making premise-specific damage assessments and sending pre- and post-event weather alerts to trigger specific actions. Gray, a third-generation entrepreneur, started WeatherCheck after experience in the finance, roofing, and reconstruction industries helped him realize that key processes were ripe for authentic disruption. He recognized an opportunity to automate damage detection and speed claims processing and repairs after weather damage. About Author: Demetrius Gray Tagged with: Collapse Homeowners Insurance Lenders mortgage NAIC Regulations Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribe Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

Budget will contain number of ‘Brexit-proofing’ measures – Kenny

first_img WhatsApp Homepage BannerNews Guidelines for reopening of hospitality sector published Twitter Facebook Pinterest Facebook By admin – October 11, 2016 Taoiseach Enda Kenny says the Budget will contain a number of ‘Brexit-proofing’ measures.The Ministers for Finance and Public Expenditure will reveal the full details of the Budget in the Dail this afternoon.Key features will include a helping hand for first time buyers, higher welfare and pension payments and tax cuts.It’s also set to outline the biggest health budget in the history of the State, and a major scheme to help parents with the cost of childcare.But Taoiseach Enda Kenny says that while some negotiations are still underway with Fianna Fáil this morning, most of the budget is finalised:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/10/budget9am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Three factors driving Donegal housing market – Robinson Google+ WhatsAppcenter_img Pinterest Previous articleUlster Council turn down request to put back Intermediate fixtureNext articleGardai in Buncrana appeal to public in bid to trace stolen vehicle admin Twitter Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Nine Til Noon Show – Listen back to Wednesday’s Programme Budget will contain number of ‘Brexit-proofing’ measures – Kenny RELATED ARTICLESMORE FROM AUTHOR GAA decision not sitting well with Donegal – Mick McGrath Google+last_img read more

Texas officer charged in death of Jonathan Price fired for ‘egregious violation’

first_imgBlakeDavidTaylor/iStockBy MEREDITH DELISO and MARC NATHANSON, ABC News(WOLFE CITY, Texas) — A police officer who faces murder charges in the shooting death of a Black man in East Texas has been fired, authorities said.Wolfe City police officer Shaun Lucas was arrested Monday after he shot and killed 31-year-old Jonathan Price over the weekend at a gas station. Following an investigation into the fatal incident, he was fired Thursday “for his egregious violation of the City’s and police department’s policies,” Wolfe City officials said in a statement.The city’s mayor and city council said they joined the community in “mourning Jonathan’s death.”Lucas, 22, responded to a domestic dispute call at the gas station’s convenience store around 8:24 p.m. Saturday, according to police. Price’s family says Price was attempting to break up the dispute and didn’t threaten anyone.According to Lucas’ arrest affidavit, bodycam footage showed that when Lucas arrived at the scene, Price greeted him and asked multiple times, “You doing good?” while extending his hand in a handshake gesture.Lucas told investigators that he thought that Price was intoxicated and attempted to detain Price, but Price allegedly stated, “I can’t be detained.” The officer then tried to detain Price by grabbing his arm and using verbal commands, but when that was unsuccessful he then produced his Taser, warning Price to comply.When Price walked away, the officer fired the Taser. While being tased, Price walked toward Lucas and tried to reach for the weapon, at which point the officer took out his service weapon and fired four times, according to the affidavit.Price died later that night at the hospital.The affidavit concluded that the officer “did then and there intentionally and knowingly cause the death of Price by discharging a firearm.”Lucas was arrested Monday night on murder charges and held on $1 million bond.On Tuesday, Lucas retained attorney Robert Rogers, who defended Dallas police officer Amber Guyger against similar charges last year.In a statement on Saturday’s shooting, Rogers said, “Officer Lucas only discharged his weapon in accordance with Texas law when he was confronted with an aggressive assailant who was attempting to take his Taser.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

News story: Trawler owner and master ordered to pay £35,240 for fisheries offences

first_img The fines imposed in this case should send a strong message on the importance of protecting fish stocks. The offending took place in the Farne Deeps, an area subject to recovery measures due to the precarious nature of stocks. In cases like this the MMO will always take proportionate and appropriate action, including prosecution, to ensure offenders do not benefit from illegal activity and to protect fish stocks for the wider fishing industry and future generations. The court heard how on 26 January 2018, the Illustris, a trawler targeting nephrops, was towing two nets in an area of the North Sea known as the Farne Deeps. The vessel was boarded by MMO Marine Officers for a routine inspection and several conservation measure infringements were discovered. Seven charges were brought before the court, including excess meshes for the declared mesh size on both nets and logbook discrepancies in the recorded weight of cod, anglerfish and dab.Sagittarius Fishing Company and skipper James Thompson both pleaded guilty to all charges.Sagittarius Fishing Company was fined £25,931.72, ordered to pay £2,003.10 in costs and a victim surcharge of £170. James Thompson was fined £6,966 and a £170 victim surcharge.A spokesperson for the MMO said:last_img read more