Investors, including several who run environmentally focused funds, welcomed the U.S. government’s proposed new rule on corporate disclosure of climate-related risks and emissions, saying it would standardize reports that now are voluntary and vary widely in quality and breadth. The …
President Joe Biden warned Monday about new indications of possible Russian cyberattacks, pumping up the volume on weeks of growing concern about a possible Kremlin-ordered response to crushing sanctions over the invasion of Ukraine. Biden reiterated those warnings, prompted by …
The U.S. securities regulator on Monday proposed requiring U.S.-listed companies to disclose a range of climate-related risks and greenhouse gas emissions, part of President Joe Biden’s push to join global efforts to avert climate-related catastrophes. The U.S. Securities and Exchange …
Betz to Lead New Applied Surety Operation Applied Underwriters continues its specialty lines expansion with the launching of Applied Surety Underwriters. Based in Houston, this new division will focus on large, commercial and contract surety business worldwide. Joshua Betz, the …
Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash …
Insurance broker Marsh announced the launch of its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organization’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity. …
A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them less and denies them opportunities to advance because of their race. According to a …
A committee representing several Catholic entities in the Boy Scouts of America bankruptcy has reached a settlement with the BSA and is withdrawing its objections to its proposed reorganization plan, attorneys told a judge Friday. The announcement came on the …
A group of ransomware hackers used a variety of techniques to try breaching hundreds of companies last year, exploiting a vulnerability in Microsoft Corp.’s Windows and using artificial intelligence technology to create fake LinkedIn profiles, Alphabet Inc.’s Google found. The …
Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 …
