Climate Change The Changing Insurability of Environmental Risks
Increasing intense weather events will drive up the cost of the associated losses and of the policies designed to cover them.
March 18, 2022 at 12:44 AM
5 minute read
Environmental Law
The scientific consensus is clear: the number and frequency of severe weather events will continue to increase steadily as a result of climate change. Over 5 years after the adoption of the Paris Agreement at COP21, the objectives laid down therein are still far from being attained.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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