Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions, including possible divestment. The Net-Zero Asset Owner Alliance, whose members …
The NBA wants to be back in December. The NHL is aiming at games resuming in January. Baseball’s spring training may begin in February, like normal. They almost certainly won’t be in bubbles if and when any or all of …
Global insurer Chubb announced the appointment of Khue Dinh as the new country president for its Vietnam general insurance business. In her new role, Dinh will oversee the operations and business development activities of Chubb’s key business lines in Vietnam …
Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections. …
Gig economy companies want to turn California voters’ decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and rival services be treated as employees with higher compensation. Voters …
Tropical Storm Eta will hit the Florida Keys overnight, becoming the year’s record 12th named storm to make landfall in the U.S. It’s then set to drift west, build in strength, and make a second run at the Sunshine State …
Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and restaurant. Judge Gary S. Glazer of the Court of Common Pleas in Philadelphia turned aside preliminary objections to the suit …
A Palm Beach County, Florida city’s retirement plan is suing a cruise ship company for allegedly misleading it and other shareholders over the financial impact of the coronavirus on its business. The securities lawsuit has been filed by the City …
Arch Capital Group Ltd., which had been reported to be pursuing a deal, has agreed acquire all the common shares of Watford Holdings Ltd. in an all-cash transaction valued at approximately $622 million, or $31.10 per share. Following closing, which …
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, The Hartford, Cincinnati Insurance and Lloyd’s. The insurers had opposed consolidation; some plaintiffs sought the …