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Business Today: Underinsurance problem for homeowners, clock is ticking for Ganley and State's carbon complexities

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Irish homeowners are underinsured to the tune of about €39 billion on their properties, as most have failed to increase their level of coverage to keep pace with a sharp increase in house rebuilding costs in recent years, according to estimates from one of the State’s largest insurers.

Ganley’s plans to launch 300 satellites by June of 2026. Ganley, the chief executive of Rivada Networks, is aiming to create an array of hundreds of satellites to deliver a kind of private, unhackable internet that he has dubbed “The OuterNet”. The European Union has been ramping up the cost of carbon in order to discourage emissions and help the planet, but that means a gap is opening up in the cost of fossil fuels between the EU and many other countries.

 

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