Articles by Alastair Marsh

Investors With $9.5 Trillion Seek Mandatory Scope 3 Disclosures

An influential coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets called on regulators to mandate corporate disclosures of so-called Scope 3 emissions. The Net-Zero Asset Owner Alliance said in a report published on Wednesday …

Target Must Face Shareholder Lawsuit Over Pride Backlash, US Judge Rules

Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …

Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows

Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …

Study: A Meter of Sea Level Rise Could Impact $1 Trillion in Property Along Southeast Coast

A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …

North Carolina Town Files Lawsuit Against Duke Energy Over Climate Crisis

A town in North Carolina sued utility firm Duke Energy on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state capital …

AM Best: US P/C Reverses Nine-Month Underwriting Loss

Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss of $32.1 billion last year. According …

Sabadell Wins $376.5 Million in Cerberus Property Dispute

Banco Sabadell SA won a lawsuit against Cerberus Capital Management LP over a deal struck linked to Spanish real estate assets, winning a €358 million ($376.5 million) award from a London judge. The case centered on a real estate joint …

Mattel Sued Over ‘Wicked’ Dolls With Porn Website Link

Mattel was sued on Tuesday by a South Carolina mother for mistakenly putting a link to a pornographic website on packaging for dolls tied to the blockbuster movie “Wicked.” In a proposed class action filed in federal court in Los …

Barclays Reaches $19.5M Settlement Over Debt Sale Blunder

Barclays agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed. A preliminary settlement of the proposed class action …

FTC Settles With Data Brokers That Sold Political, Pregnancy Info

Two consumer data brokers that sold information used to track individuals’ religious and political beliefs, pregnancy status and more agreed to stop using data on visits to sensitive locations, the U.S. Federal Trade Commission said on Tuesday. The FTC accused …