Posted on 319
Kroll Bond Rating Agency (KBRA), in collaboration with ISS ESG, releases research examining how COVID-19 stimulus will affect the automotive industry in the U.S., France, and Germany. While the primary focus of stimulus is emergency economic relief, many countries have also embraced a “green recovery,” with funding specifically targeting climate change resiliency and a sustainable transition. Some governments, especially in the European Union (EU), have attached green strings to stimulus funding directed to carbon-intensive industries, such as the automotive industry. These countries see economic stimulus packages not only as an opportunity for increased job creation and economic growth but also as a chance to accelerate the shift towards sustainable practices.
Channel3000.com
January 25, 2021 2:01 PM Ashley Chorpenning - Forbes Advisor
Posted:
Updated:
January 27, 2021 8:55 AM
The joy of car ownership entails a little more than regular oil changes and trips to your favorite coffee shop. You also need to think about how you’ll pay car repair bills in case you get into an accident or medical bills if you cause an accident that injures others. But a good car insurance policy can help set your mind at ease.
You may have heard the term “full coverage car insurance.” It’s not a special policy type, but rather a term that typically refers to a policy that consists of liability, collision and comprehensive insurance. These three coverage types make a solid starting point for a good auto insurance policy. Here’s what they cover:
Highlights
The Commodity Futures Trading Commission (CFTC) issued a report in September 2020 highlighting the risk that climate change poses to the stability of the U.S. financial system and the economy. The report, Managing Climate Risk in the U.S. Financial System, was a detailed study of the topic that will provide insights to the Biden Administration s team of regulators.
The CFTC report emphasized that regulators have sufficient existing legislative authority to begin addressing climate-related risks now, through better oversight, risk management and disclosures.
Major findings in the report include: 1) More consistent, reliable and comparable data is needed to make this task meaningful and manageable, 2) regulators and companies can use scenario planning and climate stress testing to reduce climate risks, and 3) an economy-wide price on carbon would allow financial markets to help reduce greenhouse gas emissions more efficiently.
KBRA Releases Research – Airlines Tap Loyalty Programs for Financing
KBRA Releases Research – Airlines Tap Loyalty Programs for Financing Kroll Bond Rating Agency (KBRA) releases research which provides our views on airlines increasing use of their loyalty programs to create much needed liquidity in the current economic environment. Airlines are among the hardest hit companies due to COVID-19 and related government restrictions on travel. Following containment measures, stay-at-home orders, and border closings designed to slow the spread of the coronavirus, airlines have been forced to adapt to significantly reduced travel demand. For many established airlines with good prospects for recovery, loyalty programs are among their most strategic assets. In this report, KBRA details the various factors we consider in rating such secured transactions, which have taken on an increasingly important role in sourcing of cash flow and liquidity for airlines. These include:
TRENTON A Senate committee advanced a bill that would make it easier for people to take their insurance companies to court after crashes with an uninsured or underinsured driver, despite warnings that it could lead to higher car insurance premiums in New Jersey.
The Senate Commerce Committee advanced the legislation, S1559, after changing it to remove provisions that would have entitled successful claimants to pre-judgment interest, attorney’s fees and litigation expenses. They would be entitled to actual damages awarded by a jury.
“It’s even more narrowly tailored than it was before, so it really is just a matter of fundamental fairness,” said Sen. Nicholas Scutari, D-Union.