The city of Buffalo has filed suit against Kia and Hyundai seeking to hold the carmakers responsible for the rash of auto thefts caused by their alleged failure to include industry-standard anti-theft technology. Buffalo looks to join Cleveland, Cincinnati, Columbus, …
Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information about a maintenance contract in its domestic utilities business. Downer is currently under investigation by New South Wales’ Independent …
This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for France Chubb announced the appointment of Benoit …
The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming. …
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of MS Amlin AG (Switzerland). The outlook of the Long-Term ICR has been …
A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport oil amid sanctions, calling for more steps to boost safety. States that become aware of ships going dark — or …
Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are “material” legal risks, in a move that marks the latest blow to a coalition built by former Bank of …
Ever since Fox News was hit with a $1.6 billion defamation lawsuit over reports falsely accusing a voting-machine company of rigging the 2020 presidential election, the conservative network has invoked the broad protections of the First Amendment in its defense. …
A Johnson & Johnson company cannot delay a court order dismissing its bankruptcy, a U.S. court said on Friday, despite the company’s planned Supreme Court appeal to use bankruptcy to resolve tens of thousands of lawsuits over its talc products. …
Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and …
