By John Hyde2021-01-06T13:03:00+00:00
The insurance industry showed its first sign today of anxiety about the prospect of whiplash reforms this year, as a leading player called for progress with just three months remaining until implementation.
The portal for RTA claims is set to go live from 6 April, but the rules for the required pre-action protocol have yet to be published. Despite government assurances there are concerns that the starting date might be missed, as it was in 2020.
Zurich Insurance today called on the Ministry of Justice to publish the rules and procedures for the new portal as soon as possible to enable the industry to prepare systems and policies. With the government s admission last March that ‘no practicable solution’ could be found for the much-heralded alternative dispute resolution process, the insurer also wants to know what the plans are for sorting disputes of liability and quantum.
Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I SHARE
Has any theoretical work on banking been more influential than Douglas Diamond and Phillip Dybvig s 1983 JPE article, Bank Runs, Deposit Insurance, and Liquidity ? If so, I can t think of it. With well over 12,000 Google citations and counting, it s certainly among the most cited academic papers in economics, let alone in the sub-discipline of monetary economics.
Nor has that paper s influence been merely academic. Far from it: it is routinely cited by policymakers as supplying a rationale for government intervention in banking, and for explicit national deposit insurance schemes in particular. That the number of countries that adopted such schemes more than quadrupled during the two decades immediately following the article s appearance from just 20 to 87 almost certainly owes something to Diamond and Dybvig s influential publication, which is bound to have informed the thinking of experts at the IM
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IMAGE: A broad coalition that includes UC San Diego scientists sets commitments for field trials of powerful gene drive technology. The multidisciplinary group encourages trials that are safe, transparent and ethical. view more
Credit: Stephanie Gamez, UC San Diego
The modern rise of gene drive research, accelerated by CRISPR-Cas9 gene editing technology, has led to transformational waves rippling across science.
Gene drive organisms (GDOs), developed with select traits that are genetically engineered to spread through a population, have the power to dramatically alter the way society develops solutions to a range of daunting health and environmental challenges, from controlling dengue fever and malaria to protecting crops against plant pests.