Europe’s hail storms hit insurers with $4.7 bln bill
Long-term Policy. Europe’s offshore wind surge did not happen by accident. The simple and strong message from industry leaders was plain: The only way a country (or a state) can develop a strong offshore wind industry is through a long-term policy in favor of offshore wind. Public officials and private sector representatives emphasized that targets committing to build large installations in stages over a twenty-year period have created the industry in Europe and are essential. The U.S. approach so far — hit or miss, on-again off-again policy — will not work. The European experts all warned against such a self-defeating approach. The UK and Germany have had fairly stable policies to promote offshore wind for about 20 years. Unlike in the U.S., Europe has a consensus in favor of offshore wind despite changes in governments. A Commercial Industry, Not R&D. The key issue in Europe is how to get projects to scale, to co-locate multiple gigawatt projects, to raise billions of dollars. The talk there is not about more research, although that is happening. Instead, the industry walks and talks like a serious commercial sector poised for greater growth, unlike in the U.S.
On August 6 a hail stone measuring 11.9 cm was recovered near Stuttgart, Germany, the largest ever to be preserved in Europe, Willis said. Dirk Spenner, managing director at Willis Re said the size of the insured loss reflects both the extreme size of the hail stones and the affluence of the areas affected. “The hail storms hit a number of affluent areas, and so the property that they damaged – such as cars and housing – was worth a considerable amount of money,” he said. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo!
September 30, 2013 10:55 AM PDT (Credit: Josh Miller/CNET) As you might expect, new research out today shows that Android is Europe’s favorite smartphone OS by a wide mile. But Windows Phone is turning into a serious contender. According to figures out Monday from researchers Kantar WorldPanel ComTech, Android featured on just over 70 percent of smartphones sold in the three months up to August across Europe’s five biggest markets: Great Britain, France, Germany, Spain, and Italy. Equally unsurprisingly, iOS is in second position with 16 percent of the smartphone market in Europe — a year over year rise of around two percentage points for both operating systems. Windows Phone, meanwhile, continues to grow its share in the five countries, hitting 9.2 percent — around double its 5.1 percent share for the same period last year. The jump has been fueled by significant gains in the three major European markets: France, Germany, and Great Britain. In the latter, its share has risen from 4.5 percent a year ago to 12 percent today, while in Germany it’s grown from 3.8 percent to 8.8 percent — the first time it’s hit double-digit share in either country. In Germany, that puts Windows Phone only one percentage point behind iOS in market share. Related posts 15 more must-see iPhone 5S slow-motion videos “Windows Phone’s latest wave of growth is being driven by Nokia’s expansion into the low- and midrange market with the Lumia 520 and 620 handsets. These models are hitting the sweet spot with 16- to 24-year-olds and 35- to 49-year-olds, two key groups that look for a balance of price and functionality in their smartphone,” Dominic Sunnebo, strategic insight director at Kantar Worldpanel ComTech, said in a statement. And despite recent turbulence and a proposed $7.2 billion takeover by Microsoft, Nokia, Windows Phone’s main hardware champion, is growing its own market share across some of Europe’s biggest markets. (Nokia accounted for four in five of all Windows Phone device sales across the five markets.) For the three months to the end of August, Nokia bagged 7.8 percent of all smartphone sales, up from 6.9 percent a year ago, inching up on third-place Sony, whose share stands at 8.2 percent, a slight rise over a year ago. LG is also seeing something of a comeback, increasing its European share to 6.1 percent from 2.1 percent a year ago. Following its recent troubles , BlackBerry’s share has seen the biggest dip in Europe, falling from 5.8 percent of all smartphones sold in the five markets to 2.4 percent today.