Iac-2015-3103

Total Page:16

File Type:pdf, Size:1020Kb

Iac-2015-3103 MidAmerican Energy Company 401 Douglas Street P.O. Box 778 Sioux City, Iowa 51102 (712) 277-7587 Telephone (712) 252-7396 Fax E-mail: [email protected] Suzan M. Stewart Managing Senior Attorney March 19, 2015 Ms. Joan Conrad FILED ELECTRONICALLY Executive Secretary Iowa Utilities Board 1375 East Court Avenue, Room 69 Des Moines, IA 50319-0069 Re: 199 I.A.C. § 31.3(4) - Compliance Filing Dear Ms. Conrad: Pursuant to 199 IAC § 31.3(4), MidAmerican Energy Company (“MidAmerican”) advises the Board of the following affiliate changes: Additions AHP Housing Fund 91, LLC AHP Housing Fund 92, LLC AHP Housing Fund 93, LLC AHP Housing Fund 94, LLC AHP Housing Fund 95, LLC Brooks Sports S.A.R.L. Brooks Sports S.R.L. Campbell Hausfeld Holdings, Inc. CBL Trading, LLC Charter Brokerage Canada Corporation Charter Brokerage Holdings Corp. Charter Brokerage Holdings, LLC Charter Brokerage LLC Clearwater International, L.L.C. DG-SB Project Holdings, LLC DL Trading Holdings I, Inc. DL Trading, Ltd. Downers Grove Supportive Living Facility, LLC eVolution Systems Ltd. (10%) Farmyard Five Limited Farmyard Four Limited Försäkringsaktiebolaget Bostadsgaranti Iowa Utilities Board Page 2 March 19, 2015 Gen Re Support Services Mumbai Heinz Africa FZE IES Holding II, LLC Integrity Delaware, LLC Loretta Hall, LP Lubrizol Europe, LLC M & M Manufacturing Company Marmon Energy Services Company Marmon Engineered Components Company Marmon Product Development Center Pte Ltd. Marmon Retail Products, Inc. Marmon Retail Store Equipment LLC Marmon Retail Technologies Company MidAmerican Energy Services, LLC Mouser Japan Godo Kaisha MPP Co., Inc. NetJets Strategic Holdings (Asia) Limited Old United Casualty Company P Chem, Inc. Perry County Properties, LP Prince Castle Kitchen Equipment (Shanghai) Co., Ltd. Pro-Share Limited S and L Specialty Polymers Co., Ltd. Shorebreak Holdings II, LLC Summit Marine Services, L.L.C. Syrgis Holdings, Inc. TTI Latin America s. de R.L. de C.V. TX Kennedy Apartments, LTD Vgas 1 Dcatur LLC Warwick Chemicals USA Inc. Warwick Equest Limited Warwick Intermediate Limited Warwick International do Brasil Ltda. Warwick International Group Limited Warwick International Holdings EBT Limited Warwick International Holdings Limited Warwick International Intermediate Holdings Limited Warwick International Limited Iowa Utilities Board Page 3 March 19, 2015 Additions through acquisition of Van Tuyl Group (name changed to Berkshire Hathaway Automotive) ABC Nissan Acura of Peoria Airpark Dodge Chrysler Jeep Arrowhead Cadillac Audi of Springfield Bell Honda BMW of Lincoln Camelback Ford Camelback Hyundai Camelback Kia Camelback Lincoln Camelback Mazda Camelback Scion Camelback Subaru Camelback Toyota Camelback Volkswagen Cerritos Nissan Crest Infiniti Crest Nissan Crown Nissan of Decatur Crown Scion Crown Toyota David Maus Chevrolet David Maus Scion David Maus Toyota David Maus VW North David Maus VW South Delray Honda Elite Mercedes Frontier Ford FSVT Motors, LLC Grand Prairie Ford Grapevine Ford Grapevine Lincoln Gwinnett Place Ford Gwinnett Place Lincoln Gwinnett Place Nissan Husker Auto Group, LLC Husker Cadillac (d/b/a for Husker Auto Group, LLC) Husker GMC (d/b/a for Husker Auto Group, LLC) Husker Mercedes (d/b/a for Husker Auto Group, LLC) Infiniti of Peoria Iowa Utilities Board Page 4 March 19, 2015 Infiniti of Scottsdale Infiniti of Springfield Infiniti on Camelback Joe Myers Ford Joe Myers Kia Joe Myers Lincoln Joe Myers Mazda Joe Myers Scion Joe Myers Toyota Kenny Kent Chevrolet Kenny Kent Lexus Kenny Kent Scion Kenny Kent Toyota Mall of Georgia Ford McKinney Buick GMC Midway Chevrolet Midway Nissan Miles Chevrolet Nissan of McKinney Peoria Ford Peoria Nissan Pinnacle Nissan Reliable BMW Reliable Chevrolet Reliable Chevrolet (MO), LLC Reliable Chevrolet (NM), LLC Reliable Hyundai Reliable Lexus Reliable Mazda Reliable Nissan Reliable Scion Reliable Subaru Reliable Toyota Richardson Chrysler Jeep Dodge Ram Scion of Dallas Scion of Deerfield Beach Serramonte Ford Showcase Honda South County Fiat South County Lexus South County Maserati Stonebriar Chevrolet Superstition Springs Lexus Surprise Ford Iowa Utilities Board Page 5 March 19, 2015 Texas Nissan Texas Scion Texas Toyota Town East Ford Toyota of Dallas Toyota of Deerfield Beach Toyota of Richardson Trophy Nissan V. T. Motors, LLC Van Buick GM Van Cadillac Van Chevrolet Co., Inc. Van Chevrolet (d/b/a for V.T. Motors, LLC) Van Hyundai Van Subaru Vandergriff Acura Vandergriff Chevrolet Vandergriff Honda Vandergriff Hyundai Vandergriff Scion Vandergriff Toyota Village Pointe Scion Village Pointe Toyota Volvo of Dallas Volvo of Phoenix Westway Ford Deletions American Tile & Stone, Inc. – merged out of existence British Aviation Insurance Group (Canada) Ltd. – dissolved Eastern States Life Insurance Co. – dissolved Edmonds Material and Equipment Company – dissolved Georgia Tufters, LLC – merged out of existence Golden Skillet International, Inc. – dissolved Guard Insurance Group, Inc. – merged out of existence InterGUARD, Ltd. – merged out of existence Johns Manville AB – Sold Johns Manville Holding AB – Sold Lubrizol Advanced Materials Mauritius Holdings Limited – dissolved MILKSUN, spol. s.r.o. – liquidated MiTek Superannuation Pty. Ltd. – dissolved Plaza Financial Services, L.L.C. – dissolved Plaza Mortgage Services, L.L.C. – dissolved Precision Millworks Settings LLC – dissolved Iowa Utilities Board Page 6 March 19, 2015 Queen Carpet Corporation – merged out of existence Russell Apparel, LLC – merged into Russell Brands LLC Shaw Contract Flooring Installation Services, Inc. – merged out of existence SHX Leasing, Inc. – merged out of existence Tiger-Sunbelt Industries, Inc. – dissolved Sincerely, /s/ Suzan M. Stewart Managing Senior Attorney .
Recommended publications
  • 2002 Chairman's Letter
    Note: The following table appears in the printed Annual Report on the facing page of the Chairman's Letter and is referred to in that letter. Berkshire’s Corporate Performance vs. the S&P 500 Annual Percentage Change in Per-Share in S&P 500 Book Value of with Dividends Relative Berkshire Included Results Year (1) (2) (1)-(2) 1965 .................................................. 23.8 10.0 13.8 1966 .................................................. 20.3 (11.7) 32.0 1967 .................................................. 11.0 30.9 (19.9) 1968 .................................................. 19.0 11.0 8.0 1969 .................................................. 16.2 (8.4) 24.6 1970 .................................................. 12.0 3.9 8.1 1971 .................................................. 16.4 14.6 1.8 1972 .................................................. 21.7 18.9 2.8 1973 .................................................. 4.7 (14.8) 19.5 1974 .................................................. 5.5 (26.4) 31.9 1975 .................................................. 21.9 37.2 (15.3) 1976 .................................................. 59.3 23.6 35.7 1977 .................................................. 31.9 (7.4) 39.3 1978 .................................................. 24.0 6.4 17.6 1979 .................................................. 35.7 18.2 17.5 1980 .................................................. 19.3 32.3 (13.0) 1981 .................................................. 31.4 (5.0) 36.4 1982 .................................................
    [Show full text]
  • 2019 SEC Form 10-K (PDF File)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14905 BERKSHIRE HATHAWAY INC. (Exact name of Registrant as specified in its charter) Delaware 47-0813844 State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 3555 Farnam Street, Omaha, Nebraska 68131 (Address of principal executive office) (Zip Code) Registrant’s telephone number, including area code (402) 346-1400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols Name of each exchange on which registered Class A Common Stock BRK.A New York Stock Exchange Class B Common Stock BRK.B New York Stock Exchange 0.750% Senior Notes due 2023 BRK23 New York Stock Exchange 1.125% Senior Notes due 2027 BRK27 New York Stock Exchange 1.625% Senior Notes due 2035 BRK35 New York Stock Exchange 0.500% Senior Notes due 2020 BRK20 New York Stock Exchange 1.300% Senior Notes due 2024 BRK24 New York Stock Exchange 2.150% Senior Notes due 2028 BRK28 New York Stock Exchange 0.250% Senior Notes due 2021 BRK21 New York Stock Exchange 0.625% Senior Notes due 2023 BRK23A New York Stock Exchange 2.375% Senior Notes due 2039 BRK39 New York Stock Exchange 2.625% Senior Notes due 2059 BRK59 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Cautionisthewatchword
    OMAHA WORLD-HERALD MONEY MONDAY, MAY 5, 2014 • 3D Mightbeco-signingaloan? Cautionisthewatchword THE CHICAGO TRIBUNE Mae reports that about 90 per- ing because of late or missed Adult fi nancial life often cent of customers who take out payments. begins when you move out and its Smart Option Loan, a type But when trouble does occur, start paying bills on your own. of private student loan, have a you and your co-signer should But for that to happen, a new co-signer. have a plan in place for how the study indicates, many young And as national vacancy problem will be solved. adults need their parents’ rates for apartments decline “Parents should make this help — or, really, their parents’ and rents rise, the number of plan a condition of co-signing,” signatures. renters needing co-signers has said Susan Bryant, vice pres- According to an Experian grown. Waterton Residential, ident of marketing and media Consumer Services survey, which manages apartment sales at Apartments.com. nearly two-thirds of millennials communities throughout the CONSIDER ALTERNA- have used a co-signer to rent U.S., said the number of appli- TIVES. Is there a way to get an apartment, take out stu- cants who needed a co-signer around needing a co-signer? dent loans or qualify for other to qualify for a lease grew by With apartment rentals, for types of debt. Three-fourths 30 percent from 2012 to 2013. example, a landlord may waive of millennials said they would Young adults who don’t have the co-signer requirement if ask their parents to co-sign for long credit histories or big you provide a bigger deposit them in the future.
    [Show full text]
  • When the SEC Alleges Corporate Accounting Fraud: First Steps When Conducting an Investigation
    When the SEC Alleges Corporate Accounting Fraud: First Steps When Conducting an Investigation By Tracy Richelle High, Partner, and Nicole R. Smith, Associate, Sullivan & Cromwell LLP While there are many techniques to distort the financial condition of a publicly traded company, the most frequent types of improprieties involve revenue recognition, cost or expense recognition, accounting for reserves, and accounting related to business combinations.1 Over the past five years, the rate of issuer financial statement and reporting-related enforcement actions by the SEC’s Division of Enforcement has fluctuated. They were 29% of total enforcement actions in 2005, a percentage which decreased to 24% in 2006, increased to 33% in 2007, decreased to 23% in 2008, and decreased again to 22% in 2009.2 Below we provide a brief overview of the most recent federal lawsuits brought by the SEC where companies or individuals were fined for conduct involving these errors,3 and also identify key issues a lawyer should consider while charting the course of an investigation. Revenue Recognition Improper revenue recognition is the most common accounting error pursued by the SEC.4 Revenue is considered realized and earned, and therefore properly recorded, when all 1 See PricewaterhouseCoopers LLP, 2009 Securities Litigation Study 30 (2009), available at http://10b5.pwc.com/PDF/NY-10-0559%20SEC%20LIT%20STUDY_V7%20PRINT.PDF. 2 See SEC, Select SEC and Market Data 2005 - 2009, available at http://sec.gov/about.shtml. In addition to SEC civil enforcement actions, the government has increasingly initiated parallel criminal proceedings through the U.S. Department of Justice (“DOJ”).
    [Show full text]
  • 1988-Berkshire-10K Click to View
    Fl3l5 SIC 633 BERKSHIRE HA"t:HAWAY INC B 40' 86 00 000 10-K l\IY~ ... CARO·~ FOR 12131188 Quick Reference Chart to Contents of SEC Filings Registration Statements c: "'::> .!2 c: 13 '34 Act '33 Cl~ a: >- E" "c. Act c: ·- xS F-10 8-A "S" :;; 0.. < e~ "'E! UJ REPORT CONTENTS 10-K 20-F 10-Q 8-K 10-C 6-K a. en a. 8-B Type ARS ~~ z Auditor D Name A A A A A A D Opinion A A A A D Changes A Compensation Plans D Equity F F A F D Monetary A F A F Company Information D Nature of Business A A A A A D History F A A F A D Organization and Change F F A A F A Debt Structure A A A A Depreciation & Other Schedules A A A A A Dilution Factors A A F A A A Directors, Officers1 Insiders D Identification D Background D Holdings D Compensation Earnings Per Share A Financial Information D Annual Audited D Interim Audited D Interim Unaudited Foreign Operations Labor Contracts Legal Agreements Legal Counsel Loan Agreements Plants and i;>ropertles ' Portfolio Opfratlons D Content,i,Listing of Securities) A D Management A Product-Line Breakout A A A Securities Structure A A Subsidiaries A A Underwriting A Unregistered Securities A Block Movements A Legend A - always included - included - if occurred or significant F - frequently included - special circumstances only TENDER OFFER/ACQUISITION REPORTS 13D 13 G 14D-1 14D-9 13E-3 13E-4 Name of Issuer (Subject Company) A A A A A A Filing Person (or Company) A A A A A A Amount of Shares Owned A A Percent of Class Outstanding A A Financial Statements of Bidders F F F Purpose of Tender Offer A A A A Source and Amount of Funds A A A Identity and Background Information A A A Persons Retained Employed or to be Compensated A A A A Exhibits F F F F F © Copyright 1988<c/;SCLOSVRE® 1NcoRPoRATEo 5161 River Road D 'Bethesda, MD 20816 D 301/951-1300 •_'; BJ+oEt...O""D SECURITIES AND EXCHANGE COMMISSION ...
    [Show full text]
  • Digital Excellence Empowering Insurance
    inscom 2016 Report DIGITAL EXCELLENCE EMPOWERING INSURANCE Hilton Munich Park Hotel • September 19-20, 2016 inscom 2016 Report Digital Excellence – The Key to Contents Success for Insurance Providers Two years ago at inscom 2014, we spoke about digital transformation as an innovation driver in the insurance sector. Today we see that the pace of digitalization in the industry has picked up enormously, 3 Foreword by Hans Zehetmaier powered by new technologies that help insurance providers detect potential early on and take targeted action on it. Analytics, the Internet of Things (IoT) and artificial intelligence are making the 4 Digital Excellence – Presentation by Hans Zehetmaier necessary technology available. What’s more, they’re on the verge 6 Digital Excellence – Keynote Presentations of a quantum leap. 10 Panel Discussion: “Insurance 2020” Whether it takes the form of transformation or disruption, strategies, innovative business cases and technological 12 Presentations – Property and Casualty Insurance there is no stopping digitalization – even if it is procee- developments, but also into potential risk. On behalf of 14 Presentations – Life and Health Insurance ding in different directions and at different paces from msg group, I would like to extend my heartfelt thanks to one sector or insurance category to another. By integra- you – those who participated and those who attended. 16 Presentations – SAP for Insurance ting their clients and streamlining their digital processes, It is your contributions, dedication and suggestions that 18 Presentations – Innovations in the Insurance Industry many insurers have already sustainably increased their have made this eighth inscom a great success. Figures digital efficiency. also bear this out: Our industry event once again achie- ved a new attendance record with a total of 330 atten- 22 Side Session – (RE)Insurance / Showcase msg.Insurance Suite But in the face of competitive pressure from new market dees from 50 insurance groups.
    [Show full text]
  • Unione Italiana Reinsurance Company of America, Inc
    REPORT ON EXAMINATION OF THE UNIONE ITALIANA REINSURANCE COMPANY OF AMERICA, INC. AS OF DECEMBER 31, 2009 DATE OF REPORT FEBRUARY 8, 2011 EXAMINER RYAN HAVICK TABLE OF CONTENTS ITEM NO. PAGE NO. 1. Scope of examination 2 2. Description of Company 3 A. Management 3 B. Territory and plan of operation 5 C. Reinsurance 6 D. Holding company system 6 E. Significant operating ratios 8 F. Accounts and records 8 G. Risk management and internal controls 9 3. Financial statements 10 A. Balance sheet 10 B. Underwriting and investment exhibit 12 4. Losses and loss adjustment expenses 13 5. Compliance with prior report on examination 14 6. Summary of comments and recommendations 16 Appendix A STATE OF NEW YORK INSURANCE DEPARTMENT 25 BEAVER STREET NEW YORK, NEW YORK 10004 February 9, 2011 Honorable James J. Wrynn Superintendent of Insurance Albany, New York 12257 Sir: Pursuant to the requirements of the New York Insurance Law, and in compliance with the instructions contained in Appointment Number 30525 dated May 18, 2010 attached hereto, I have made an examination into the condition and affairs of Unione Italiana Reinsurance Company of America, Inc. as of December 31, 2009, and submit the following report thereon. Wherever the designations “the Company” or “UIRCA” appears herein without qualifications, they should be understood to indicate Unione Italiana Reinsurance Company of America, Inc. Wherever the term “Department” appears herein without qualification, it should be understood to mean the New York Insurance Department. The examination was conducted at the Company’s main administrative office located at 3024 Harney Street, Omaha, Nebraska 68131.
    [Show full text]
  • Lehigh University Vendor List
    Lehigh University Vendor List 4imprint, Inc. Contact: Karla Kohlmann 866-624-3694 101 Commerce Street Oshkosh, WI 54901 [email protected] www.4imprint.com Number Type Status Contracts: 1035423 Standard Effective Products: Accessories - Convention Bag Accessories - Tote Accessories - Backpacks Accessories - purse, change Accessories - Luggage tags Accessories - Travel Bag Gifts & Novelties - Button Gifts & Novelties - Key chains Gifts & Novelties - Koozie Gifts & Novelties - Lanyards Gifts & Novelties - tire gauge Gifts & Novelties - Rally Towel Home & Office - Fleece Blanket Home & Office - Dry Erase Sheets Home & Office - Night Light Home & Office - Mug Paper, Printing, & Publishing - Pencil Paper, Printing, & Publishing - Pen Paper, Printing, & Publishing - Notepad Paper, Printing, & Publishing - Desk Calendar Paper, Printing, & Publishing - Portfolio Specialty Items - Mouse Pad Specialty Items - Dental Floss Specialty Items - Sunscreen Specialty Items - Lip Balm Specialty Items - Massager Sporting Goods & Toys - Sports Bottle Sporting Goods & Toys - Chair-Outdoor Sporting Goods & Toys - Balloon Sporting Goods & Toys - Flashlight Sporting Goods & Toys - Frisbee Sporting Goods & Toys - Hula Hoop Sporting Goods & Toys - Pedometer T-Shirts - T shirt Womens Apparel - Fleece Vest 10/21/2015 Page 1 of 68 ACCO Brands USA LLC Contact: Nan Birdsall 800-323-0500 x5222 101 ONeil Road Sidney, NY 13838 [email protected] Number Type Status Contracts: 1035320 Standard Effective Products: Paper, Printing, & Publishing - Calendar Paper,
    [Show full text]
  • Berkshire Hathaway Annual Meeting May 5, 2012 These Notes Are Recollections Only, Without the Aid of a Recording Device
    Berkshire Hathaway Annual Meeting May 5, 2012 These notes are recollections only, without the aid of a recording device. They should not be relied upon. –PB WB: Good morning. I’m Warren and this hyperkinetic fellow is Charlie. We’ll conduct this pretty much as we have in past. We’ll take questions until 3:30, and then begin the regular meeting of shareholders at that time. Feel free to shop. See ‘s Candy has placed a lollipop at every seat, and if you could open the lollipop now we’ll post a picture on Facebook, and for the media. And now you can take off the cover and good part comes. CM and I have fudge and peanut brittle. If we’ve consumed 10k calories each we’ll have to stop early. We released Q1 earnings yesterday. In general, all our companies with the exception of those in residential construction have pretty much shown good earnings. Our five largest non-reinsurance companies all had record earnings last year, $9bil pre-tax. I said that I thought they would earn $10bil pretax this year, and nothing we have seen so far would cause me to backtrack on this. One cost at Geico is an accounting change or deferred policy acquisition cost, dpac. No change on cash, but took earnings down 250m pretax. It is a deferred advertising issue. We had a terrific Q1 at Geico, float grew and we had a 9% margin. The Dpac charges may affect 2Q and a little in 3Q, but underlying figures are somewhat better than what we’ve presented.
    [Show full text]
  • Lna 2006 Profiles J.Qxp
    1 | Advertising Age | June 26, 2006 SpecialSpecial ReportReport:100 Profiles LEADING NATIONAL ADVERTISERSSupplement SUPPLEMENT June 26, 2006 100 LEADING NATIONAL ADVERTISERS Profiles of the top 100 U.S. marketers in this 51st annual ranking INSIDE TOP 100 RANKING COMPANY PROFILES SPONSORED BY The nation’s leading marketers Lead marketing personnel, ranked by U.S. advertising brands, agencies, agency expenditures for 2005. contacts, as well as advertising Includes data from TNS Media spending by media and brand, Intelligence and Ad Age’s sales, earnings and more for proprietary estimates of the country’s 100 largest unmeasured spending. PAGE 8 advertisers PAGE 10 This document, and information contained therein, is the copyrighted property of Crain Communications Inc. and The Ad Age Group (© Copyright 2006) and is for your personal, non-commercial use only. You may not reproduce, display on a website, distribute, sell or republish this document, or information contained therein, without prior written consent of The Ad Age Group. Are proud to connect you with the leading CMOs See all the interviews at adage.com/point LAUNCHING JUNE 28 © 2006 Crain Communications Inc. www.adage.com 3 | Advertising Age | June 26, 2006 Special Report 100 LEADING NATIONAL ADVERTISERS SUPPLEMENT ABOUT THIS PROFILE EDITION THE 51ST ANNUAL 100 Leading National the Top 100 ($40.13 billion) and for all measured spending in 18 national media, Advertisers Report crowned acquisition- advertisers ($122.79 billion) in the U.S. Yellow Pages Association contributed ladened Procter & Gamble Co. as the top U.S. ad spending by ad category: This spending in Yellow Pages and TNS Marx leader, passing previous kingpen General chart (Page 6) breaks out 18 measured Promotion Intelligence provided free- Motors Corp.
    [Show full text]
  • 2019 Insurance Fact Book
    2019 Insurance Fact Book TO THE READER Imagine a world without insurance. Some might say, “So what?” or “Yes to that!” when reading the sentence above. And that’s understandable, given that often the best experience one can have with insurance is not to receive the benefits of the product at all, after a disaster or other loss. And others—who already have some understanding or even appreciation for insurance—might say it provides protection against financial aspects of a premature death, injury, loss of property, loss of earning power, legal liability or other unexpected expenses. All that is true. We are the financial first responders. But there is so much more. Insurance drives economic growth. It provides stability against risks. It encourages resilience. Recent disasters have demonstrated the vital role the industry plays in recovery—and that without insurance, the impact on individuals, businesses and communities can be devastating. As insurers, we know that even with all that we protect now, the coverage gap is still too big. We want to close that gap. That desire is reflected in changes to this year’s Insurance Information Institute (I.I.I.)Insurance Fact Book. We have added new information on coastal storm surge risk and hail as well as reinsurance and the growing problem of marijuana and impaired driving. We have updated the section on litigiousness to include tort costs and compensation by state, and assignment of benefits litigation, a growing problem in Florida. As always, the book provides valuable information on: • World and U.S. catastrophes • Property/casualty and life/health insurance results and investments • Personal expenditures on auto and homeowners insurance • Major types of insurance losses, including vehicle accidents, homeowners claims, crime and workplace accidents • State auto insurance laws The I.I.I.
    [Show full text]
  • Mapping the Global Supply Chain with Panjiva Shipping Data in Xpressfeed
    QUANTAMENTAL RESEARCH February 2020 Ship to Shore: Mapping the Global Supply Chain with Authors Panjiva Shipping Data in Xpressfeed Richard Tortoriello Quantamental Research (212) 438-9506 While financial data tells us “how a company has done,” shipping data provides a closer-to-real [email protected] time indicator of “what a company is doing.” The chart below shows shipping (import) trends Temi Oyeniyi, CFA leading earnings call sentiment trends for auto parts maker LCI Industries. Since shipments Quantamental Research (312) 233-7151 began to trend up, LCI has reported three consecutive quarters of positive earnings surprises. [email protected] LCI Industries: Industry-Relative Import Growth vs. Earnings Call Sentiment, 2017-2019 Zack Yang Quantamental Research (312) 233-7139 [email protected] Eric Oak Panjiva Research [email protected] Acknowledgements The authors would like to thank Chris Rogers, Dan Sofio, Claire Coffey, and Source: S&P Global Market Intelligence Quantamental Research. Data as of 10/15/2019. Jason Prentice of Panjiva for their input and insights World merchandise trade accounted for an estimated $19.7 trillion in 20181, about 90% of which during the development of is by sea. Panjiva’s shipping data comprises 1.6+ billion records across 16 country-level this paper. datasets and allows investors to track trends, identify anomalies, and assess risks for companies engaged in international trade. Panjiva has developed processes to parse, clean, and impute missing values within this “ocean of data.” This paper illustrates how to find investment insights in Panjiva’s US seaborne and Mexican datasets using the US auto parts industry as a case study.
    [Show full text]