ProAssurance Corp (PRA) Q4 2020 Earnings Call Transcript
PRA earnings call for the period ending December 31, 2020.
WASHINGTON — The deadly winter storm that caused widespread power outages in Texas and other states is a “wake-up call” for the United States to build energy systems and other infrastructure that are more reliable and resilient in the face of extreme-weather events linked to climate change, President Joe Biden's national climate adviser says. In an interview with The Associated Press, Gina McCarthy said Friday that the storm that devastated Texas and other states “is not going to be as unusual as people had hoped. It is going to happen, and we need to be as resilient and working together as much as possible. We need systems of energy that are reliable and resilient as well.'' McCarthy said the scientific evidence is clear that more frequent and more dangerous storms are likely, “and if we really care about keeping our people working and keeping our kids healthy and giving them a future we’re proud of, then we’re not going to ignore these wake-up calls. We’re going to take action.'' McCarthy's comments came as Biden and his wife Jill were in Texas to survey damage caused by the storm, which caused millions of homes and business to lose heat and running water. At least 40 people in the state died. "We need to envision a future and an optimistic way of giving people hope again — that we are building back better,'' she said, using Biden's slogan for a plan costing at least $2 trillion to rebuild the nation's infrastructure and create clean-energy jobs. “It is a catchy phrase, but it also is a kind of optimistic rallying cry and I think we ought to heed it,? McCarthy said. McCarthy said she expects an “after-action” report on the Texas crisis and ways it can be avoided in the future. Many people were caught in frigid homes that lacked heat for days in subfreezing temperatures. Texas is not connected to the rest of the nation's power grid, and McCarthy said the storm may be reason to rethink that. “You know, now’s not the time for me to be pointing fingers, but clearly the United States has always done best when it’s worked together and relied on one another,'' she said. “And I think Texas might ... have a real opportunity and probably ought to think about making sure they join with their neighbours in an interstate grid system that allows them flexibility, and that helps them help their neighbours when the time comes.'' While Oklahoma, Louisiana and other neighbouring states also were hit hard by the storm, they were able to rely on each other, she said. McCarthy said Biden is committed to an all-of-government response to climate change, which she said was “part and parcel of a strategy to strengthen our economy and grow jobs” amid the coronavirus pandemic. Biden has set a goal of eliminating pollution from fossil fuel in the power sector by 2035 and from the U.S. economy overall by 2050, speeding what is already a market-driven growth of solar and wind energy and lessening the country’s dependence on oil and gas. The aggressive plan is aimed at slowing human-caused global warming that is magnifying extreme weather events such as the Texas storm and deadly wildfires in the West. Biden also wants to ensure that efforts to address climate change include “workers that have been left behind” by closed coal mines or power plants, as well as communities located near polluting refineries and other hazards, McCarthy said. “We're going to push the clean energy, we're going to push for better cars, but it’s also going to be about capturing the will of the public to actually face the challenges we’re facing today and meet them in a way that’s going to be beneficial to them,'' she said. For example, Biden's plans to provide 500,000 charging stations for electric cars and invest in battery technology are intended to make it easier for the public to participate in a clean-energy economy. “If we can lower that cost, and everybody knows they can get where they need to go when they need to get there" in an electric car, "we'll get the kind of demand on the auto-sector side that we need,'' she said. Similarly, if utilities are given the right incentives, they can meet Biden's goal to have net-zero carbon emissions by 2035, McCarthy said. The head of a lobbying group for electric utilities said earlier this month that the 2035 date would be “an incredibly difficult situation to handle" for most U.S. providers. While she respects the group and individual utilities, 2035 is Biden's goal "and I think we will get there,'' McCarthy said. On coal, McCarthy convened a working group Friday to discuss ways to help communities affected by coal-mine closures and shuttering of coal-fired power plants. The working group is intended to "bring a high level of representation from every single agency ... to come around the table and start thinking about ways in which we can really address communities that may be having difficult transitions,'' she said. One idea, endorsed by West Virginia Sen. Joe Manchin, the chairman of the Senate Energy Committee, is to ramp up a program to seal and clean abandoned coal mines in his state and across the country. Former coal miners and power plant workers “have a terrific skill set that could be used in the same areas to start closing some of the mines,'' she said. “We can provide significant resources to keep people working in those areas ... and it’s going to reduce methane emissions'' that are now spewing virtually uncontrolled. Similar challenges exist in the oil and natural gas industry, McCarthy said. “From a climate perspective, we can address a dangerous problem,'' she said, while also “investing in ways that continue to build up opportunities for workers to work.'' Matthew Daly, The Associated Press
Byron Nelson 72, North Crowley 70 OT
The Knights win big in a game that was moved to Olympic High.
WASHINGTON — A conference dedicated to the future of the conservative movement turned into an ode to Donald Trump as speakers declared their fealty to the former president and attendees posed for selfies with a golden statue of his likeness. As the Republican Party grapples with deep divisions over the extent to which they should embrace Trump after losing the White House and both chambers of Congress, those gathered at the annual Conservative Political Action Conference Friday made clear they are not ready to move on from the former president — or from his baseless charges that the November election was rigged against him. “Donald J. Trump ain’t going anywhere,” said Texas Sen. Ted Cruz, one of several potential 2024 presidential contenders who spoke at the event, being held this year in Orlando to bypass COVID-19 restrictions. Trump on Sunday will be making his first post-presidential appearance at the conference, and aides say he will use the speech to reassert his power. The program underscored the split raging within the GOP, as many establishment voices argue the party must move on from Trump to win back the suburban voters who abandoned them in November, putting President Joe Biden in the White House. Senate Republican leader Mitch McConnell and others worry Trump will undermine the party’s political future if he and his conspiracy theories continue to dominate Republican politics. But at the conference, speakers continued to fan disinformation and conspiracy theories about the 2020 election, with panels dedicated to amplifying false claims of mass voter fraud that have been dismissed by the courts, state election officials and Trump’s own administration. Indeed, Sen. Josh Hawley, R-Mo., another potential 2024 hopeful, drew among the loudest applause and a standing ovation when he bragged about challenging the election certification on Jan. 6 despite the storming of the Capitol building by Trump supporters trying to halt the process. “I thought it was an important stand to take," he said. Others argued the party would lose if it turned its back on Trump and alienated the working-class voters drawn to his populist message. “We cannot — we will not — go back to the days of the failed Republican establishment of yesteryear,” said Florida Gov. Ron DeSantis, who outlined a new Trumpian GOP agenda focused on restrictive immigration policies, opposition to China and limiting military engagement. “We will not win the future by trying to go back to where the Republican Party used to be,” echoed Florida Sen. Rick Scott, who chairs the fundraising committee tasked with electing Republicans to the Senate. “If we do, we will lose the working base that President Trump so animated. We’re going to lose elections across the country, and ultimately we’re going to lose our nation." Scott is dismissing pressure on him to “mediate between warring factions on the right” or “mediate the war of words between the party leaders." He has refused to take sides in the bitter ongoing fight between Trump and McConnell, who blamed Trump for inciting the deadly Capitol riot but ultimately voted to acquit him at his impeachment trial earlier this month. “I’m not going to mediate anything," he said, criticizing those who “prefer to fan the flames of a civil war on our side” as “foolish” and “ridiculous." But in speeches throughout the day, the GOP turmoil was front and centre. Trump’s eldest son, Donald Trump Jr., lit into into Wyoming Rep. Liz Cheney, the No. 3 House Republican, who has faced tremendous backlash for her vote to impeach Trump for inciting the Capitol riot. And as the program was wrapping up, Trump issued a statement endorsing Max Miller, a former staffer who has now launched a campaign challenging Ohio Rep. Anthony Gonzalez, another Republican who voted in favour of impeachment. Kimberly Guilfoyle, a former Fox News Channel host and Donald Trump Jr.'s girlfriend, offered a pointed message to those who stand in opposition to the former president, who will not arrive at the conference until Sunday but was present in spirit in the form of a large golden statue erected in a merchandise show booth, where attendees could pose for pictures with it. “We bid a farewell to the weak-kneed, the spineless and the cowards that are posing in D.C. pretending that they’re working for the people,” she said. “Let’s send them a pink slip straight from CPAC.” Trump Jr., who labeled the conference “TPAC” in honour of his father, hyped the return of his father and the “Make America Great Again” platform to the spotlight. “I imagine it will not be what we call a ‘low-energy’ speech," he said. “And I assure you that it will solidify Donald Trump and all of your feelings about the MAGA movement as the future of the Republican Party.” Jill Colvin, The Associated Press
Hima Das has been inducted as Deputy Superintendent of Assam Police.
"With my heart not being there to travel and play in these conditions, I unfortunately have to take a break in order to preserve myself mentally," Simon wrote on Twitter. A former Australian Open and Wimbledon quarter-finalist, Simon crashed out in the first round of this year's season-opening major in Melbourne after a 6-1 6-2 6-1 defeat by Stefanos Tsitsipas.
CALGARY — The favourites set the tone in championship pool play Friday at the Canadian women's curling championship. With a few surprise teams making the eight-team cut, perennial contenders Rachel Homan, Kerri Einarson and Jennifer Jones posted afternoon victories and showed why they're good bets to reach the playoffs."With only three teams advancing, you can't have very many losses to advance," Jones said. "So we know that and we know we're going to have to play every game as though we have to get that W and hopefully we perform well."Homan's Ontario team stole a point in the 10th end for a 7-6 victory over Chelsea Carey's Team Wild Card One and then came back for an 8-7 win over Quebec's Laurie St-Georges in an extra end.That left Homan in top spot at 9-1 with Einarson, the defending champion, who topped Saskatchewan's Sherry Anderson 10-6 before eliminating Carey from playoff contention with a 9-3 rout.Jones's Manitoba team earned a split on the day to sit in a tie for third place at 7-3 with Alberta's Laura Walker. Jones posted a 12-8 win over Beth Peterson of Team Wild Card Three before dropping a 7-5 decision to Walker."I guess mandatory is a good word for it," Walker said of the win. "We needed it and I'm proud of the way we went out there and got it."With Anderson sitting out the nightcap with an injury, alternate Amber Holland threw fourth stones for Saskatchewan. She dropped a 10-9 decision to Peterson in an extra end that left both teams tied with Quebec at 6-4.Earlier, Walker edged St-Georges 7-6 in an extra end. Saskatchewan and Quebec had an unexpected share of the Pool B lead after the preliminary round.Carey (5-5), who's filling in at skip for Tracy Fleury this week, barely missed a runback double-takeout attempt with her final shot against Homan, who put the pressure on with two protected stones near the button."They hung in there with me and we made some good ones in the end," Homan said of teammates Emma Miskew, Sarah Wilkes and Joanne Courtney.Jones, who's aiming for a record seventh Scotties Tournament of Hearts title, stole five points in the 10th for her afternoon victory. Einarson was also tested early in that draw before a late deuce sealed the win.Two more draws were set for Saturday at the Markin MacPhail Centre. The top three teams in the eight-team pool will reach the playoffs on Sunday. The second- and third-place teams will meet in an afternoon semifinal for a berth in the evening final against the first-place team.The Hearts winner will return as Team Canada at the 2022 national playdowns in Thunder Bay, Ont. The champion will also earn a berth in the Olympic Trials in November at Saskatoon.The men's national championship — the Tim Hortons Brier — starts March 5 at the same Canada Olympic Park venue. The Hearts is the first of six bonspiels to be held at the arena through late April.This report by The Canadian Press was first published Feb. 26, 2021.Follow @GregoryStrongCP on Twitter. The Canadian Press
No director has been finalised for the new Superman film yet
The Raptors easily handled the Rockets to give assistant coach Sergio Scariolo his first NBA win.
Keith TaillonThis is the latest in our monthly series, The World's Most Beautiful Libraries.Walking into the library room of the Morgan Library & Museum, the eye is drawn upward. Three levels of colorfully-bound books, many priceless and irreplaceable, sit safely behind sumptuous walnut, bronze, and glass cases. The rich color scheme carries through to the ceiling, where artist Harry Siddons Mowbray depicts the various artforms alongside the twelve signs of the Zodiac. The room is dramatically dim, the only natural light pouring in from a solitary northern window. But this wasn’t the original plan. There are actually two more windows flanking the fireplace, buried behind the books.When J. Pierpont Morgan received the keys to his library in late 1905, this room was nearing completion. A single row of bookcases sat on the floor beneath vast blank walls; Morgan’s collection of tapestries were to be hung there. But Morgan’s appetite for books was insatiable, and in 1906 he ordered more cases installed. The tapestry plan was scrapped, windows were covered over, and the new cases were painstakingly built along with their requisite catwalks. Two spiral staircases were hidden within the walls so as to not disrupt the room’s purity of design. For Morgan, perfecting this library meant having a proper showcase for his cherished collections. For his architect, it meant perhaps much more.J. Pierpont Morgan (1837-1913) was a titan of Wall Street and founder of United States Steel, the nation’s first billion-dollar corporation. Like many wealthy men of his day, he was an avid collector of rare and expensive items. He accumulated paintings and tapestries, but his keenest interest was reserved for books and manuscripts. He scoured the globe, enlisting a team of field agents to help him find new and interesting artifacts. By 1902, it was clear that his brownstone mansion could no longer contain his holdings. He enlisted famed architect Charles F. McKim (1847-1909) of McKim Mead & White to design a proper library next to his home on 36th Street in New York’s Murray Hill district. Keith Taillon Charles Follen McKim, of the firm McKim Mead & White, was enlisted by Morgan in 1902 to design a library next to his home on 36th Street. That building, which forms the core of the modern Morgan Library & Museum, was one of his last works and showcases his masterful restraint. A McKim biography written in 1913 by Alfred Hoyt Granger marvels at the library’s aesthetic success: “Here was an opportunity for every form of lavish expenditure, for this was the private toy of a multimillionaire who never discussed the price when gratifying his desires. In this building restraint and discrimination are carried to the nth power. These are the two characteristics which American architecture most sadly lacks, and in a careful and exhaustive study of the Morgan library as a whole and in detail, one strengthens the belief that no great architecture can exist without them.”The library’s exterior is made of Tennessee pink marble, constructed employing interlocking techniques such that virtually no mortar was used. Set back from the street behind an imposing gate, the entrance is flanked by stone lions sculpted by Edward Clark Potter (1857-1923), who would later produce “Patience and Fortitude,” the lions outside the New York Public Library’s main branch on Fifth Avenue. Construction on the Morgan Library was completed in 1906 after four years of intense secrecy and widespread curiosity. No members of the press or public were allowed inside, and speculation swirled as to what treasures hid within the building’s four-foot-thick walls.While the exterior was McKim’s domain, the interior was much more of a collaboration with Morgan. Jennifer Tonkovich, the Morgan’s Eugene & Clare Thaw Curator of Drawings & Prints, spoke with me recently by phone about the library’s history and design. “Morgan did have a say, especially in the interiors, because that would be where he would be spending his time.” Lamp stands, wall finishes, fireplaces, and couches were all chosen or approved by Morgan with McKim’s blessing. “There was a lot of trust in McKim with the architectural decisions, and I think Morgan really came to play with the aesthetics of the interior.”Morgan and McKim often sparred over interior design decisions, most notably in a bitter quarrel over a ceiling in 1905. McKim originally planned for a dome in Morgan’s study, but instead acquired a flat 16th-century wooden ceiling from his Florentine dealer. Morgan discovered the unapproved change during a site walk-through with painter Hunter S. Mowbry, who said of the episode, “the storm burst” and “we did the rest of the inspection under a thundercloud.” McKim actually left the project for some time after suffering a nervous breakdown, “in part caused by Morgan,” according to Tonkovich. “He was definitely not an easy client, is my understanding.”Designs changed regularly along with Morgan’s moods and tastes, and the building had to keep up with his ever-expanding collection of books and documents. The main library room, much-photographed today with its three levels stacked to the ceiling with books, was initially supposed to house just one level of books with Morgan’s tapestry collection hung above. “In fact, they covered up all but one of the windows there,” Tonkovich told me. “There actually are other windows and they’re all covered over with bookshelves.”Integral to the expansion of Morgan’s collection was his longtime librarian, Belle da Costa Greene (1883-1950). She was introduced to Morgan in 1905 while working at the Princeton Library by his nephew Junius who was a student there. Belle’s story is singularly fascinating, and will be featured in an exhibition being planned by the Morgan for its 2024 centennial celebration. Born Belle Marion Greener, she was the daughter of Richard Howard Greener, who was the first African-American person to graduate from Harvard. When he moved to Siberia, leaving his family behind in America, they changed their names and began to pass as white in society. Belle adopted the middle name “da Costa” to suggest Portuguese heritage and explain her complexion.Belle Greene stayed on at the Morgan for nearly four decades, overseeing its transition from private collection to public institution. “She’s just so extraordinary,” Tonkovich said. Following Morgan’s death in 1913, she was kept on by his son Jack (1867-1943), who expanded the library and opened it to the public in 1928.Greene became Morgan’s right hand in the library, coordinating purchases for him from around the globe, particularly in illuminated medieval manuscripts. One of the most extraordinary acquisitions made during Morgan’s lifetime came in 1910, when a bundle of 9th-century Coptic scripts was found in a desert well, untouched by hands or sunlight for a thousand years. “Museums like the Morgan exist to preserve these treasures,” Tonkovich said as she described the buried manuscripts to me. “And the fact that these manuscripts had survived centuries buried in a well before they were unearthed, and now they go out on view, and the public can see them, scholars can come consult them, is really extraordinary.” Keith Taillon Morgan was in Egypt in 1913, sailing up the Nile to Khartoum, when he fell ill and was rushed to Rome for treatment. He died there, 75 years old and one of the richest men in history. His will was vague about the fate of his library and its holdings: “He left his collections largely to his son,” Tonkovich explained, “saying to ‘make them available to the benefit of the American people,’ with no further explanation.” Thankfully for future generations of scholars, Jack Morgan fulfilled his father’s wish. Following his mother’s death in 1924, he demolished their brownstone mansion and built an annex in its place, doubling the size of the library with gallery and exhibition space. The new, expanded Morgan Library opened to the public on October 1, 1928.The Morgan Library has continued in its mission to make its collections available to the public through decades of cultural upheaval, expansion, and war. Its collections were scattered to the countryside for safekeeping during World War II, part of a mammoth wartime effort by New York’s cultural institutions, now largely forgotten. By the 1980s, the institution had outgrown its original buildings and purchased the neighboring brownstone mansion, formerly home to Jack Morgan, in 1988. A delicate glass atrium, the work of Bart Voorsanger, joined the buildings together in 1991.Once again in need of space and modernization, the Morgan enlisted architect Renzo Piano in 2002 to sketch out plans which would maximize its available space while preserving its landmarked original structures. Piano designed an airy glass polygon which fit into the courtyard between the McKim building, the 1928 annex, and the Jack Morgan brownstone, pushing the Morgan to the edge of its footprint. They also drilled 80 feet down into the lot’s bedrock, installing waterproof vaults for the collection’s most fragile and valuable pieces. “That was a really huge thing for us,” said Tonkovich, “in terms of professionalizing our collections storage, rather than just growing up in this warren of historic buildings.” Keith Taillon Today, the Morgan Library & Museum is truly more than a warren of historic buildings. It continues to make its incredible collection of books, documents, and artwork available to the public more than a century after his death. Hard work and planning by staff during the Coronavirus shutdown allowed the Morgan to safely reopen as soon as it was allowed. “Our staff really rallied,” Tonkovich told me, “and they have done an amazing job. I have been incredibly proud that we’ve been able to still welcome visitors, especially students. They’ve been able to come in and work on their projects. You know, it’s a different system but we’re still making it possible.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
HONG KONG — Over 500,000 doses of the Pfizer-BioNTech vaccine arrived in Hong Kong on Saturday following a two-day delay due to export procedures, offering a second inoculation option for the city. The Pfizer-BioNTech shots will be offered to about 2.4 million eligible residents from priority groups such as those aged 60 and above and health care workers. The 585,000 doses of the vaccine — the first batch of the initial 1 million — arrived from Germany. The remaining doses will be delivered in early March, according to a government statement. About 70,000 residents who have registered for Hong Kong’s vaccination program, which kicked off on Friday, will receive the shots developed by Chinese biopharmaceutical firm Sinovac. The Sinovac vaccines were the first to arrive last week. About 6,000 people have already been injected with the Sinovac vaccine. Registration details for those wishing to receive the Pfizer-BioNTech shots haven't been announced yet. Hong Kong has struck deals for a total of 22.5 million doses, with 7.5 million each from Sinovac, AstraZeneca and Fosun Pharma, which is delivering the Pfizer-BioNTech vaccines. The government has so far approved the Sinovac and Pfizer-BioNTech vaccines. In other developments around the Asia-Pacific region: — South Korea has reported another 405 coronavirus cases as it began vaccinating tens of thousands of workers at front-line hospitals in the second day of its mass immunization program. The daily increase reported by the Korea Disease Control and Prevention Agency on Saturday brought the national caseload to 89,321, including 1,595 deaths. Most of the new cases came from the densely populated Seoul metropolitan area, which was hit hardest by a devastating winter surge that erased months of hard-won gains and sparked criticism about the vaccine rollout that has been slower than many nations in the West. — Sri Lanka's Health Ministry has decided to vaccinate everyone aged 30 and above in the high-risk areas of the capital Colombo and suburbs where COVID-19 cases are rising. There were 466 new cases in the last 24 hours. Sri Lankan began its inoculation drive in January starting with health workers. So far, more than 406,000 people have received their shots. The Associated Press
LOS ANGELES — Lady Gaga's two French bulldogs, which were stolen by thieves who shot and wounded the dog walker, were recovered unharmed Friday, Los Angeles police said. A woman brought the dogs to the LAPD's Olympic Community Police Station, just northwest of downtown, around 6 p.m, said Capt. Jonathan Tippet, commanding officer of the department's elite Robbery-Homicide Division. Lady Gaga’s representative and detectives went to the station and confirmed that they were the dogs, Tippet said. The singer is currently in Rome to film a movie. The woman who dropped off the dogs appears to be “”uninvolved and unassociated" with Wednesday night's attack, Tippet said. It wasn't immediately clear how she obtained the dogs. The dog walker, Ryan Fischer, was shot once as he walked three of the singer's dogs in Hollywood. Video showed a white sedan pulling up and two men jumping out. They struggled with the dog walker before one pulled a gun and fired a single shot before fleeing with two of the dogs. The third escaped and has since been reunited with Lady Gaga's representatives. The dog walker can be heard on the video saying he had been shot in the chest. He is expected to survive his injuries, Tippet said. Lady Gaga on Friday repeated her offer of a $500,000 reward for the return of her dogs — whose names are Koji and Gustav — with no questions asked. Tippet said since police were not involved in the reward, he did not know if the woman would receive it. “I continue to love you Ryan Fischer, you risked your life to fight for our family. You’re forever a hero," Lady Gaga said in an Instagram post. Stefanie Dazio, The Associated Press
Named after Mars’ alter ego, Ricky Regal, the collection is coming for a very limited time to Lacoste’s new West Hollywood concept store.
As consumers slowly return to brick-and-mortar, in-store beauty retail will increasingly be part of the ominichannel shopping experience powered by tech, services and subscription models.
Harry Slatkin helped invent the home fragrance category — and now he's writing its future.
With VPNs and fancy dress, Myanmar youth fight 'turning back of the clock'For a generation used to freedoms that have come with democracy, going back to military rule is unthinkable Protesters hold posters during a rally against the military coup in Yangon. Photograph: Lynn Bo Bo/EPA
Myanmar’s U.N. ambassador strongly opposed the military coup in his country and appealed for the “strongest possible action from the international community” to immediately restore democracy, in a dramatic speech to the U.N. General Assembly Friday that drew loud applause from many diplomats in the 193-nation global body. Ambassador Kyaw Moe Tun began his statement saying he represented Aung San Suu Kyi’s "civilian government elected by the people” in November, and supported their fight for the end of military rule.
Time's Up launched #TIMESUPGlobes Friday, alongside a graphic that reads, "Hollywood Foreign Press Association: Not a Single Black Member Out of 87."
The SSD drive on Sony PS5 is an extremely fast SSD, and any third-party storage drive will need to be equally fast in order to store and run PS5 games.
26, 2021 /CNW/ - Friday 26/02/2021POKER LOTTOWinning Hand: 6-H, 3-C, 9-H, 6-D, Q-D.Legend:C = CLUB,H = HEART,S = SPADE,D = DIAMOND J = JACK,Q = QUEEN,K = KING,A = ACE MEGA DICE LOTTO 7, 16, 17, 21, 23 & 37 Bonus 2.