Global Economy
Liability Shield Doesn’t Belong in Trade Deals, Internet Coalition Warns Biden
A coalition of internet accountability groups is warning the Biden administration against including liability protections for tech companies in future trade agreements, saying that could hamstring ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
COVID Took a Big Bite From Multiline Insurers’ Earnings But Profit Remained: S&P
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit of $36 billion, according to a report published by S&P Global ...
Chubb Awards $1.1M in New Philanthropic Grants to Fight Racism
Chubb said it is strengthening its efforts to fight racism in America's justice system through $1.1 million in new philanthropic grants. The money is divided into four grants designed to promote ...
Energy Companies Globally Risk Legal Action After Landmark Shell Climate Change Ruling
A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around ...
U.S. Pledges to Boost Pipeline Cyber Protections After Colonial Hack Attack
The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack, with announcements of actions planned in coming days, ...
Swedish Tech Startup Haidrun Releases Insurance-Focused Enterprise Blockchain Platform
Swedish tech start-up Haidrun debuted an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun's private blockchain platform is pitched as eliminating suspicious and duplicate ...
Generali Opens EU Lobbying Office in Brussels
Italian insurer Generali has opened a representative office in Brussels to boost its public affairs activities with the European Union. Generali said it aims to represent its business priorities ...