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Puerto Rico Insurer Must Face Suit Over Pension Cuts, Shortfall

One of Puerto Rico’s largest insurers must face a lawsuit claiming it mismanaged a pension plan covering employees of a subsidiary that’s undergoing liquidation after taking steep losses in the wake of Hurricanes Irma and Maria, a federal judge ruled.

Gemini Insurance Beats Appeal for Coverage of Stock Plan Suit

A Labor Department lawsuit challenging Fiduciary Trust Services Inc.'s activities as an employee stock plan trustee isn’t covered by the company’s professional liability insurance policy, the Sixth Circuit ruled in a win for Gemini Insurance Co.

Credit Suisse Life Ex-Bermuda Boss Didn’t Flag $800 Million Risk

The former boss of a Credit Suisse Group AG life insurance unit in Bermuda at the center of a trial over losses racked up by a rogue-banker told a local court he didn’t raise the alarm when he first learned that a billionaire client’s $800 million was at risk.

Wall Street Faces a $22 Trillion Carbon Time Bomb: Green Insight

The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it. It’s that their financial health requires leaving such companies behind.

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Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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Business, Interrupted: Insurers No Help For Businesses