Skip to content

Carrier Management

Critical Information for P/C Carrier Executives

Highlights

  • Does Spending More $ on Defense Reduce Indemnity?
  • Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech ...
  • P/C Industry Loss Reserves Redundant by More Than $20B: ...
  • Carrier Management
  • C-Suite
  • News
  • Research
  • Leadership
  • Markets
  • Regulation
  • Top 50
  • Members Only
  • Join
  • Login
  • Boardroom Agenda
  • CEO / Chief Executive
  • CFO / Financial
  • Underwriting
  • CTO / Technology
  • Risk
  • Brand Management & Sales
  • Investment Officers
  • Claims / Legal
  • Talent Management
Beyond Consensus: The Leadership Advantage Insurance Execs Need Now
AI Saves Time, But Most Companies Waste the Gain, Study Shows
  • U.S.
  • International
  • Industry News
  • Government
  • Technology & Science
AI Saves Time, But Most Companies Waste the Gain, Study Shows
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says

See all News

  • Executive Spotlight
  • Innovation
  • Strategy
  • Leadership
  • Performance
  • Growth Initiatives
  • Social Responsibility
The Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier Economics
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say
  • Reinsurance
  • Emerging Markets
  • Global Economy
  • Personal Lines
  • Commercial Lines
  • Specialty
Bending the Casualty Curve: Why Casualty Analytics Is Approaching Its Inflection Point
Multiple Factors Affect Auto, Workers Comp Claim Complexity: Report
  • Insurance Regulation
  • Securities Regulation
  • Accounting & Tax
  • Rating Agencies
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Progressive Is Biggest Auto Insurer, Surpassing State Farm: S&P GMI
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
Who Will Be California’s Next Insurance Commissioner?
Insurance Data and the Complex Loops Redefining Casualty Risk

See all Top 50

How We’re Doing It: Customers, Agents Play Vital Roles in Commercial Auto Telematics Success
Your Tech Stack Is Your Recruiting Strategy (Whether You Know It or Not)
Two for One
Storm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane Season

See all Members Only Content

Benefits

  • News for the P/C Insurance C-Suite - Focused reporting from reliable sources and experienced financial journalists.
  • Research and Analysis Not Found Elsewhere - Exclusive content from researchers think tanks, industry experts and respected analysts.
  • High-Profile Peers - Interviews with thought leaders in the global and U.S. insurance industry.

Online Access

Complete, unrestricted access to the popular CarrierManagement.com website, which provides insurance company C-suite executives with daily news, white papers, advice, instruction and editorial on how to manage insurance companies more efficiently and more effectively.

ESG Litigation Over Social Issues Is Poised to Rise

Print Email
February 23, 2022 by Saijel Kishan

Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in cases extending beyond the environmental pillar of ESG may be coming.

More government and investor scrutiny of labor conditions and supply chains will boost the amount of corporate disclosure in those areas, said Nneka Chike-Obi, a director for sustainable finance at Fitch Ratings. That will give stakeholders the opportunity to glean discrepancies between what companies disclose and what they actually do, she said in a report last week. And those discrepancies will form the basis of lawsuits seeking redress.

“Climate is obviously the most pressing existential threat to the environment, but a lot of other topics are now getting more targeted regulation,” Chike-Obi said in an interview.

When it comes to social litigation, the frequency of cases is often tied to wider societal events. For example, the pandemic triggered a flood of U.S. workplace litigation, with 4,200 COVID-related lawsuits since early 2020, mostly in healthcare, according to the Fitch report. And a greater awareness of workplace discrimination against women, spurred on in recent years by the #MeToo movement, has helped fuel more gender discrimination litigation.

Employment-related lawsuits are, of course, nothing new. But high-profile claims of alleged discrimination can be a blueprint for future cases. Earlier this month, California sued Tesla Inc. for racial discrimination and harassment after finding widespread mistreatment of Black workers at one of its factories.

That came on the heels of a landmark case involving a Black man who worked as a contractor for the EV maker. He alleged pervasive racism at Tesla and was ultimately awarded $137 million, believed to be the largest such verdict of its kind. (The award may eventually be reduced).

“The seeds are there,” Chike-Obi said. “And given that employment litigation has already been increasing in the past year or two, I don’t see any reason why there wouldn’t be anything related to discrimination or racial issues, given that we’ve seen it with gender issues.”

But it won’t be just lawsuits filed by employees on social issues. Litigation could also come from investors. Chike-Obi pointed to sustainability bonds, which have enjoyed growth in recent years.

If companies make misrepresentations in bond documentation about how proceeds are used for training for under-represented minorities or increasing the number of minority-owned suppliers, those are potentially subject to claim if the company falls short, she said.

“Essentially, the more sustainable bond issuance, the more sustainability information is subject to securities law,” Chike-Obi said.

Sustainable finance in brief:

  • Blackstone tells clients it will no longer engage in oil-patch investment.
  • European Union watchdog slams investment sector failings including ESG.
  • Chile considers a debt sale that would make it the first nation to issue sustainability-linked bonds.
  • New York pension fund pressures Tesla on how much it spendssettling sex harassment and race discrimination complaints.
  • Billions of dollars in climate funds may face an uncertain future in South Africa.

Bloomberg Green publishes Good Business every week, providing unique insights on ESG and climate-conscious investing.

To contact the author of this story: Saijel Kishan in New York at skishan@bloomberg.net

Copyright 2026 Bloomberg.
Print Email
Litigation/Liability TrendsNewsSocial Responsibility

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

The Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier Economics
Roof Costs Soar Even as Claims Decline: Verisk
Reinsurance Turning Point: From Operational Constraint to Competitive Advantage
Automation Theater: Why Carrier AI Investments Aren’t Showing Up in the P&L

Our Contributors

MichaƂ TrochimczukReinsurance Turning Point: From Operational Constraint to Competitive Advantage
Jeffery KaczynskiReinsurance Turning Point: From Operational Constraint to Competitive Advantage
Wesley TerweyStorm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane Season
Jesse NickersonBending the Casualty Curve: Why Casualty Analytics Is Approaching Its Inflection Point
John BurgeThe Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier Economics
Tory FarneyStorm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane Season
See All Our Contributors

Free Newsletter

NewsletterSign up to receive daily news!

Latest Magazine

Carrier Management magazine
View All

Our Contributors

Jesse NickersonBending the Casualty Curve: Why Casualty Analytics Is Approaching Its Inflection PointWesley TerweyStorm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane SeasonJohn BurgeThe Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier EconomicsTory FarneyStorm Counts, Landfalls and Losses: The Hidden Risk Behind a ‘Quiet’ Hurricane SeasonSee All Our Contributors
  • C-Suite
  • News
  • Leadership
  • Markets
  • Regulation
  • Top 50
  • Members Only
  • Videos

Headlines

  • Does Spending More $ on Defense Reduce Indemnity?
  • Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech ...
  • P/C Industry Loss Reserves Redundant by More Than $20B: ...
  • How Modern is Modern Enough?

Resources

  • Videos / Podcasts
  • Contributors

Popular Topics

  • Boardroom Agenda
  • Technology
  • Financial
  • News

Brand Spotlight

  • Cotality
  • Cytora
  • HazardHub
  • Indico Data
  • Majesco
  • Verisk
  • Vertafore

Connect with us

  • Email Newsletters
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Carrier Management

  • Submit Content
  • Advertise
  • Subscribe
  • Contact Us

Wells Media Group Network

  • Carrier Management iconCarrier Management
  • Insurance Journal iconInsurance Journal
  • Claims Journal iconClaims Journal
  • IJ Academy iconInsurance Journal Academy
  • Insurance Journal TV iconInsurance Journal TV
  • MyNewMarkets.com iconMyNewMarkets.com
© 2026 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map