BOP

Infor and Made2Flow Launch Dedicated Sustainability Interface for Fashion Industry

Retrieved on: 
Tuesday, August 29, 2023
Pressure, Produce traceability, Carbon, PLM, Water, ROI, CO2, BOP, Infor

LONDON, Aug. 29, 2023 /PRNewswire/ -- Infor®, the industry cloud company, today announced the availability of a dedicated interface between Made2Flow, a tech company specializing in analysis and validation of environmental data in the fashion industry, and Infor product lifecycle management (PLM). The interface will facilitate processing of data and full visibility for global fashion brands looking to increase transparency of the production supply chain. Crucially, it will support traceability and impact measurement across tiers one to four.

Key Points: 
  • LONDON, Aug. 29, 2023 /PRNewswire/ -- Infor®, the industry cloud company, today announced the availability of a dedicated interface between Made2Flow, a tech company specializing in analysis and validation of environmental data in the fashion industry, and Infor product lifecycle management (PLM) .
  • The interface will facilitate processing of data and full visibility for global fashion brands looking to increase transparency of the production supply chain.
  • As fashion brands face increasing pressure to measure their environmental impact and comply with upcoming regulations such as the PEFCR and Digital Product Passport, the interface between Infor and Made2Flow will automate the necessary data flow and impact calculations.
  • Thanks to the collaboration and interface with Infor, brands will be able to accurately measure their sustainability efforts and drive to faster impact reduction as an intuitive working tool and increase their sustainability ROI.

Frank Winston Crum Insurance Selects Majesco Policy and Billing for P&C, and Distribution Management on Majesco Cloud Platform

Retrieved on: 
Thursday, August 24, 2023
Data Management, Professional Services, Technology, Insurance, Software, Partnership, Excess, ISO, EVP, P&C, State, Risk, FWCI, Growth, Policy, Commercial general liability insurance, Distribution management system, BOP, Majesco Entertainment

Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced Frank Winston Crum Insurance (FWCI), a commercial insurance carrier, selected Majesco Policy and Billing for P&C, and Distribution Management on Majesco’s cloud platform.

Key Points: 
  • Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced Frank Winston Crum Insurance (FWCI), a commercial insurance carrier, selected Majesco Policy and Billing for P&C, and Distribution Management on Majesco’s cloud platform.
  • FWCI was founded in 2003 as a commercial insurance carrier and has grown from a single-state carrier to one licensed in 42 states.
  • Investing in next gen technology aligns with our strategy to constantly innovate and challenge the status quo,” said Matt Crum, President of FWCI.
  • Majesco Policy and Billing for P&C empowers customers to optimize operations, enhance customer experiences and drive growth and profitability.

Mitsubishi Power to Develop Hydrogen-Ready Power Plant for Sembcorp Industries

Retrieved on: 
Wednesday, May 24, 2023
Maintenance, Energy Market Authority, Sembcorp, Engineering, Mitsubishi Heavy Industries, Hydrogen, Balance, Ministry of Community Development, Youth and Sports, Balance of plant, Electricity, EPC, CCPP, BOP, Carbon, Mitsubishi Power Systems Europe, Steam, Community, MHI, JEL, LTSA, Natural gas, Culture, Engineering, procurement, and construction, J series, Coal, Renewable energy

TOKYO, May 24, 2023 - (JCN Newswire) - A consortium comprising Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), and Jurong Engineering Limited (JEL) has been awarded an Engineering, Procurement and Construction (EPC) contract to develop a new 600MW hydrogen-ready combined cycle power plant (CCPP) for Sembcorp Industries' (Sembcorp) fully owned subsidiary Sembcorp Cogen Pte Ltd.

Key Points: 
  • TOKYO, May 24, 2023 - (JCN Newswire) - A consortium comprising Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), and Jurong Engineering Limited (JEL) has been awarded an Engineering, Procurement and Construction (EPC) contract to develop a new 600MW hydrogen-ready combined cycle power plant (CCPP) for Sembcorp Industries' (Sembcorp) fully owned subsidiary Sembcorp Cogen Pte Ltd.
  • A long-term service agreement (LTSA) for the maintenance of the plant's major equipment was also awarded to Mitsubishi Power.
  • Takao Tsukui, Executive Vice President, Mitsubishi Power, Ltd., said: "Mitsubishi Power is proud to partner with Sembcorp as we work toward our common goal of building a sustainable energy future for Singapore.
  • Mitsubishi Power remains committed to working closely with public and private power providers in Singapore to advance the country's hydrogen ready infrastructure.

New Gallagher Study Reveals Business Owners are Looking for Tailored, Increased Insurance Protection

Retrieved on: 
Tuesday, August 8, 2023
Insurance, Gen, Risk management, Millennials, Employment, Person, Generation Z, Organization, Nature, Climate change, Employment practices liability, Risk, Natural disaster, Business owner's policy, Clutch (eggs), Policy, Family, Liability insurance, BOP, Life insurance

Business-related insurance policies in top demand include:

Key Points: 
  • Business-related insurance policies in top demand include:
    Business Owners' Policy (BOP): 48% would consider expanding or getting new BOP coverage.
  • The survey uncovered that business owners – of all generations and company size – have a strong need for tailored business insurance coverage to alleviate concerns.
  • The study reveals a fundamental truth: regular review and proactive risk management must serve as the compass guiding business owners through uncharted waters.
  • By diligently assessing insurance coverage and implementing effective strategies, business owners can better chart a course to enhanced confidence and fortified protection.

Ivans Index July 2023 Results Released

Retrieved on: 
Tuesday, August 8, 2023
Umbrella, Insurance, Policy, MGA Entertainment, Commercial general liability insurance, Ivane Matchavariani, Padmakar–Ivan index, BOP, Commercial property

Milwaukee, WI., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Ivans ® today announced the July 2023 results of the Ivans Index™, the insurance industry’s premium renewal rate index.

Key Points: 
  • Milwaukee, WI., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Ivans ® today announced the July 2023 results of the Ivans Index™, the insurance industry’s premium renewal rate index.
  • Released monthly, Ivans Index is a data-driven report of current conditions and trends for premium rate renewal change of the most placed commercial lines of business in the insurance industry.
  • Analyzing more than 120 million data transactions, the Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy.
  • Ivans Index is available to agencies and insurers as part of Market Insights at markets.ivansinsurance.com .

CoreCivic Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 7, 2023
Workforce, Oklahoma Department of Corrections, Damon T. Hininger, Travel, McRae Correctional Institution, Davis Correctional Facility, Senior, Bed, Nursing, Share repurchase, ICE, Bank statement, Supplement, Debt-to-GDP ratio, Policy, COVID-19, Tax, GAAP, Federal Bureau of Prisons, Title 42 of the United States Code, CoreCivic, ODOC, CXW, Government, FFO, EBITDA, Documentation, McRae, Funds from operations, Investment, Depreciation, EPS, Ageing, Environment, Keystone State Park (Oklahoma), NYSE, Normalization, BOP, Pharmaceutical industry, Video game, Car rental

BRENTWOOD, Tenn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the second quarter of 2023.

Key Points: 
  • BRENTWOOD, Tenn., Aug. 07, 2023 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the second quarter of 2023.
  • Net income in the second quarter of 2023 totaled $14.8 million, or $0.13 per diluted share, compared with net income in the second quarter of 2022 of $10.6 million, or $0.09 per diluted share.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) was $71.8 million in the second quarter of 2023, compared with $71.1 million in the second quarter of 2022.
  • Adjusted EBITDA was $72.1 million in the second quarter of 2023, compared with $78.8 million in the second quarter of 2022.

Franklin Mutual Insurance Group Deploys Guidewire Cloud for Business Growth

Retrieved on: 
Monday, July 31, 2023
Software, Insurance, Internet, Finance, Data Management, Professional Services, Technology, Fintech, Cloud, NBA InfoCenter, Smart Communications, Romanow, PwC, Business owner's policy, P&C, FMI, NYSE, BOP, Management, Risk management, Guy-wire

Franklin Mutual Insurance Group (FMI), a P&C insurance provider for residents and business owners in New Jersey and Pennsylvania, and Guidewire (NYSE: GWRE) announced that FMI successfully implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to its agents and policyholders.

Key Points: 
  • Franklin Mutual Insurance Group (FMI), a P&C insurance provider for residents and business owners in New Jersey and Pennsylvania, and Guidewire (NYSE: GWRE) announced that FMI successfully implemented Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to its agents and policyholders.
  • The company migrated InsuranceSuite from a self-managed environment to Guidewire Cloud simultaneously for all lines of business except Business Owner Policy (BOP), which is currently in implementation.
  • The overall efficiencies provided by Guidewire Cloud have allowed our staff to focus on delivering value to our agents and policyholders to grow our business.”
    “We're proud to have helped Franklin Mutual Insurance facilitate this implementation to Guidewire Cloud,” said PwC Managing Director Jay Davidson.
  • This implementation reaffirms FMI’s commitment to both their customers and their business by providing enterprise agility and scalability for the future.”
    “We congratulate Franklin Mutual Insurance on its successful cloud transformation through its InsuranceSuite migration to Guidewire Cloud,” said Guidewire Head of Services Michael Mahoney.

Ivans Index Q2 2023 Results Released

Retrieved on: 
Tuesday, July 25, 2023
Umbrella, Product management, Insurance, Policy, Mga Basang Sisiw, Commercial general liability insurance, Ivane Matchavariani, Padmakar–Ivan index, BOP, Commercial property, Gasoline, Rare-earth element, Index

Milwaukee, WI., July 25, 2023 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q2 2023 Ivans Index™, the insurance industry’s premium renewal rate index.

Key Points: 
  • Milwaukee, WI., July 25, 2023 (GLOBE NEWSWIRE) -- Ivans ® today announced the results for Q2 2023 Ivans Index™, the insurance industry’s premium renewal rate index.
  • Premium renewal rate change by line of business for Q2 2023 highlights includes:
    Commercial Auto: Q2 2023 average premium renewal rate averaged 6.50%, an increase compared to Q1 2023’s average premium renewal rate of 5.85%.
  • BOP: BOP premium renewal rate increased in Q2 2023 with an average of 7.56% versus 7.12% in Q1 2023.
  • Umbrella: Average premium renewal rate change for Umbrella experienced an increase during Q2 2023 at 5.12% versus 5.08% in Q1 2023.

IDTechEx Forecasts the Global Low-Carbon Hydrogen Market to Reach US$130 Billion by 2033

Retrieved on: 
Wednesday, July 12, 2023
Hydrogen, FCEV, Pressure, Joint Declaration: Challenges to Freedom of Expression in the next decade, SOFC, PEMFC, Methanol, Policy, Aviation, CHP, Attention, Element, Ammonia, US, SWOT, Traction, Iron, DRI, Granularity, Natural gas, Distribution, Deep Decarbonization Pathways Project, Knowledge, Growth, Heat, MJ/kg, Transport, Benchmarking, Hyundai ix35 FCEV, CO2, Safety, BOP, Petroleum, Coal, Electric battery, Fast food

For this vision to materialize, various value chain components, including low-carbon hydrogen production, storage, and distribution infrastructure, must align with demand from hydrogen end-use sectors.

Key Points: 
  • For this vision to materialize, various value chain components, including low-carbon hydrogen production, storage, and distribution infrastructure, must align with demand from hydrogen end-use sectors.
  • IDTechEx projects that the low-carbon hydrogen market will grow substantially over the next decade, reaching US$130 billion by 2033 based on projected production capacities.
  • IDTechEx projects that the low-carbon hydrogen market will grow substantially over the next decade, reaching US$130 billion by 2033 based on projected production capacities.
  • Granular 10-year market forecasts for hydrogen demand by applications (7 sectors), hydrogen production by source (grey, blue & green) and the hydrogen market (grey, blue & green).

Low-Voltage Hall Latches from Diodes Incorporated Enable High-Sensitivity Sensing in Industrial and Automotive Motor Control Applications

Retrieved on: 
Tuesday, July 11, 2023
Technology, General Automotive, Mobile, Wireless, Audio, Video, Automotive, Other Technology, Networks, Internet, Hardware, Electronic Design Automation, Semiconductor, Data Management, Security, Consumer Electronics, HBM, BRP, PPAP, ESD, DIOD, Documentation, IATF, CDM, Temperature, BLDC, BOP, Electric motor

Diodes Incorporated (Diodes) (Nasdaq: DIOD) today releases a series of automotive-compliant, low-voltage, high-sensitivity Hall-effect latches.

Key Points: 
  • Diodes Incorporated (Diodes) (Nasdaq: DIOD) today releases a series of automotive-compliant, low-voltage, high-sensitivity Hall-effect latches.
  • Devices in the AH171xQ series are designed for brushless DC (BLDC) motor commutation speed measurement, angular or linear encoders, and position sensors in demanding automotive and industrial applications.
  • Device options in this series offer a choice of three high-sensitivity BOP and BRP settings (+/-7Gauss, +/-18Gauss, and +/-50Gauss) with tight operating windows to provide accurate and reliable switching points.
  • The AH171xQ series latches are available in SOT23 packages at $0.15 in 1,000 piece quantities.