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Contractors Involved in California Stadium Construction Death Cited

California’s workplace safety agency has cited two companies for violations in connection with the death of a construction worker who fell from the roof at SoFi Stadium, the new home of the NFL’s Los Angeles Rams and Los Angeles Chargers. …

Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability

The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to accelerate the transition to …

Exxon Argues Massachusetts Climate Fraud Lawsuit Punishes It for Opinion

Exxon Mobil Corp. told a judge that a fraud lawsuit filed by Massachusetts last year amounts to illegal punishment for the energy giant’s views about fossil fuels, the latest twist in their bitter clash over climate change. The suit by …

First Coronavirus Business Interruption Trial Gets Underway

The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number …

Maryland Woman Charged with Insurance Fraud After Setting Fire to Her House

After a lengthy investigation, deputies of the Maryland State Fire Marshal’s Office have charged a Caroline County woman for intentionally setting fire to her house. The fire was reported to 911 by a passer-by around 5 a.m. on June 15, …

Canada Reports 20-Year High in Overseas Investment in Insurance M&A

Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) and market participants expect more deals in 2021. …

Shell Fights Landmark Case Alleging Its Climate Change Stance Harms Human Rights

Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint. The case brought by the Dutch arm of Friends of the Earth, Milieudefensie, …

Solvency II Capital Rules for Insurers Need Changing: EU Watchdog

The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, the bloc’s insurance watchdog said on Thursday. The EU is reviewing its …

South Africa Court Dismisses Insurer Guardrisk’s Appeal in Coronavirus Claims Case

JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was liable pay a Cape Town cafe’s rejected coronavirus claim. Like other insurers in South Africa and around the world, Guardrisk, …

The Hilb Group Acquires New York’s Moran, Moran, & Dauphin Inc.

The Hilb Group LLC (THG) has acquired New York-based Moran, Moran, & Dauphin Inc. (MMDI). The transaction became effective on November 1, 2020. Founded in 2006, MMDI operates as a full-service agency primarily providing property/casualty insurance products mostly for personal …

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