Add these costs to the human toll of people being turfed out of their homes, and it is no surprise that America's politicians are scrambling for ways to stem the foreclosures. (All the more so because hardest-hit areas include election swing states such as Ohio and Florida.) So far, the focus is on low-cost intervention: encouraging borrowers to seek counselling and lenders to show forbearance.
Its earnings typically swing in response to occasional catastrophes like hurricanes and earthquakes, or by the profit cycle (currently at low ebb) in the competitive auto insurance sector.
It part of a wider swing to sustainable technologies, Haseloff says, but he doesn't see bioluminescent lights competing with LED and other low-energy lights in the future.