Vermont Sues DuPont, 3M, Others Over Chemical Pollutants

Vermont announced Thursday that it’s filed lawsuits against DuPont, 3M and other chemical companies for damages it says was caused to groundwater, drinking water and other natural resources by the contamination of a class of potentially toxic chemicals. The two …

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Buffett Donates $3.6 Billion of Berkshire Stock to Five Charities

Warren Buffett agreed to donate $3.6 billion worth of Berkshire Hathaway Inc. stock to five charities, including the Bill & Melinda Gates Foundation, in his latest disposal since making a pledge to give the shares away. That brings the total …

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Citing Climate Change, Chubb Will Limit Insuring, Investing in Coal Plants

Global insurer Chubb announced it will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage …

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MS Amlin Appoints Perottino from HDI as Country Manager for France

MS Amlin, the specialist global re/insurer, announced it has appointed Véronique Perottino as country manager for France. Perottino will join the business beginning of September reporting to Rudy Benmeridja, CEO of MS Amlin Insurance SE (MS AISE). Perottino brings 28 …

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Legacy Acquisition Firm Randall & Quilter to Buy Bermuda’s Sandell Holdings

Legacy acquisition specialist Randall & Quilter Investment Holdings Ltd. announced that its wholly owned subsidiary, Randall & Quilter II Holdings Ltd., has signed an agreement to acquire, subject to regulatory approval from the Bermuda Monetary Authority, the entire issued share …

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Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources

Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian insurer offered the highest bid for the Portuguese company and is poised …

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Chemours Suit Claims DuPont’s Clean-Up Liability Estimates ‘Spectacularly Wrong’

Chemours Co. claims its former parent DuPont Inc.’s estimates on liabilities the spun-off company should cover were “spectacularly wrong” and wants a judge to block the chemical maker’s requests for “unlimited indemnity.” A Delaware judge on Friday unsealed a lawsuit …

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