Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …
Volkswagen AG, Renault SA and Stellantis NV were among the hardest hit in a €458 million ($495 million) package of fines dished out by the European Union against carmakers for participating in an illegal cartel for the recycling of end-of-life …
France’s antitrust regulator fined Apple Inc. €150 million ($162 million) after a lengthy probe into how the technology company asks to collect iOS users’ data and the impact on advertisers. Apple’s ATT system is not allowing app publishers to comply …
The contractors of an under-construction tower that crashed in Bangkok during last week’s earthquake apparently used substandard steel bars made by a factory that had been shuttered by authorities. Samples of two different sizes of steel bars collected from the …
The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than …
Americans with Disabilities Act litigation isn’t new—but how, why, and where it shows up in the claims space has shifted considerably in recent years. For those of us who work directly in claims resolution and management, these changes aren’t theoretical. …
U.S. shipping and logistics company IMC Pro International has agreed to pay $400,000 to the U.S. government to settle allegations that it helped Chinese chemical companies ship fentanyl-making chemicals to the United States, according to U.S. authorities. The deal was …
Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada, have made it more difficult for state officials to plan for the upcoming wildfire season. In Washington, a $12 billion …
Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …
Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cycles complicate …