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Nike, JPMorgan Chase fall; FedEx, Ollie s rise
sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
Chubb s Offer to Acquire Rival Hartford: $23 2 Billion
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The Hartford confirms takeover offer from rival Chubb Ltd
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Table of Contents
Oil-Friendly States Fight Back Against Sustainable Investment Trend
A Brewer’s blackbird sits on a post near two oilfield jacks owned by Resource Energy in Williston, North Dakota. In energy-producing states, some lawmakers are introducing legislation that would force states to stop investing in companies that use sustainable strategies to make financial decisions.
Larry MacDougal
The Associated Press
Climate and shareholder activists are leading a growing movement for investors to put their money only in companies with sustainable business practices, a standard that considers how a company is run, the working conditions in its supply chain and its effect on climate change.
Mar.15.2021
Courts Dismiss COVID-19 Business Interruption Claims
On March 8, 2021, the district court for the Southern District of California granted Travelers Property Casualty Company of America’s motion to dismiss a flower importer and distributor’s COVID-19 extra expense claim. The court found that the policy’s Acts or Decisions Exclusion which “bars coverage for property damage, loss, and expense that is caused by or results from any decision, act or failure to act or decide, by…any ‘governmental body,’” unambiguously excluded coverage.
See Order at 13. Because Travelers based its denial of coverage on the applicable exclusion, the court similarly dismissed the plaintiff’s breach of implied covenant of good faith and fair dealing claim.