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Crown Capital

Cameron links typhoon Haiyan to climate change



There is growing evidence that climate change is causing more extreme weather disasters such as the Philippines typhoon, David Cameron said.


In remarks likely to infuriate the green sceptics in his party, the prime minister gave his first acknowledgement that global warming may be linked to increasingly intense storms across the world.


The remarks are Cameron's strongest defence of climate change science for a while, after repeated accusations that he has retreated from his pre-election pledge to run the greenest government ever.


Despite urging people to "vote blue, go green" in 2010, he has not given a full speech on the issue nor attended a UN environment summit since becoming prime minister.

Under pressure from many backbenchers, he has tightened planning controls on windfarms and pledged to "roll back" green subsidies on bills, leading to fears of dwindling support for the renewables industry.


However, Cameron spoke out on the need to tackle global warming at the Commonwealth summit in Colombo, Sri Lanka, after typhoon Haiyan killed at least 4,000 people and caused devastation across the Philippines.


Asked on Fridaywhether climate change was linked to the Philippines disaster, Cameron said: "I'll leave the scientists to speak for themselves about the link between severe weather events and climate change. But the evidence seems to me to be growing. As a practical politician, I think the sensible thing is to say let's take preventative and mitigating steps given the chances this might be the case."

He added: "Scientists are giving us a very certain message. Even if you're less certain than the scientists, it makes sense to act both in terms of trying to prevent and mitigate."


His comments also coincide with the United Nations talks on climate change in Warsaw, which has seen Japan slash its commitment to reducing CO2 emissions and Australia fail to send a minister to the conference for the first time in 16 years.


Crown Alliance Capital Announces 440% Return on the Maturity of one of its Life Insurance Policies



Crown Alliance Capital Limited (OTCBB: CACL) a senior life insurance settlements company, filed its form 10-Q with the Securities Exchange Commission on April 30, 2013 for the quarterly period ended March 31, 2013. The 10-Q reflects the first maturity of one of the Company’s portfolio policies, representing a $452,000 payoff and a 440% return on its investment. The payoff of the policy was an early maturity and thus a pleasant surprise for the Company and its shareholders.

The 10-Q report shows a profit of $220,000 this quarter compared with a loss of $121,000, incurred during the previous quarter.

“Our positive results during this last quarter,” said Lorraine Fusco, Crown’s CEO, “make our company one of the few that show positive earnings this early in its development. We think a lot of credit for this goes to the Company’s extensive due diligence process and rigid guidelines for choosing life settlement policies, providing a solid framework for profitable and stable returns. We look forward to many more quarters of growth like this.”

Crown Alliance currently has multiple life settlement policies in its portfolio and many more under review. The Company’s objective is to acquire as large a pool of policies as possible so, from an actuarial standpoint, it will provide Crown with more consistent maturity pay offs with lower holding cost. As each policy matures, the earnings of the company will continue to climb. With the successful acquisition of larger portfolios, the Company will be positioned to ensure consistent returns and consistent cash flows.