Monthly Archives: <span>April 2022</span>

Chilean State Sues Mining Companies, Alleging Environmental Damage

Chile is suing mines operated by BHP, Antofagasta and Albemarle over alleged environmental damage caused by their operations in the northern Salar de Atacama salt flats, a court said late on Thursday. The State Defense Council (CDE) launched its legal …

DHL Operated Boeing Jet Breaks in Two After Skidding Off Runway

A Boeing Co. 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in Costa Rica. The crew reported hydraulic problems with the 22-year-old aircraft after takeoff and made an emergency …

Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units

Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, a firm linked to billionaire Vladimir Potanin, lifting the French bank’s share price. Russia’s invasion of Ukraine …

Senior EU Officials Targeted With Israeli Spyware: Sources

Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according to two EU officials and documentation reviewed by Reuters. Among them was Didier Reynders, a senior Belgian statesman who has …

Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control

The cost of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a huge potential impediment to the movement of Russian cargoes from the region. Underwriters are charging as much as 10% of …

Closing Arguments Begin in Boy Scouts Bankruptcy Case

Following a three-week trial, a Delaware judge began hearing closing arguments Wednesday in the Boy Scouts of America bankruptcy case. Judge Laura Selber Silverstein must decide whether to approve a reorganization plan the BSA negotiated over the past two years. …

Generali Shareholders Urged to Back Reappointment of CEO Donnet

Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. In reports issued by Institutional Shareholder Services (ISS) and …

Appeals Decisions Give New Ground for Bad-Faith Claims But Support PIP Rules

Appeal courts handed a down potentially costly ruling for auto insurers in Florida, along with some further clarity on the maximum medical costs insurance companies can choose to pay after an accident. First, the U.S. 11th Circuit Court of Appeals …

Maine Lawmakers Move to Phase Out PFAS

Lawmakers in Maine have made a move toward banning pesticides that contain long-lasting chemicals. The proposal would ban distribution of pesticides with intentionally added perfluoroalkyl or polyfluoroalkyl substances by 2030. The Maine House of Representatives approved the ban Thursday, the …

People Moves: Island Names Bruhl Chief Investment Officer; Builders & Tradesmen’s Insurance in California Adds Bogue

Island Holdings Inc. named Robert Bruhl chief investment officer and executive vice president. Bruhl oversees the company’s treasury portfolio and will be responsible for optimizing current investments, refining investment strategies and initiatives, and identifying opportunities for both long- and short-term …