Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Duke Energy reaches settlements with two insurers over coal ash cleanup costs
Settlement
Duke Energy reached settlements with two insurers it had sued over coverage of coal ash cleanup costs. The article says Generali paid an undisclosed settlement on May 7 and that Duke had also recently settled with L'Etoile. Duke said proceeds would be divided between its two North Carolina operating units.
Source excerpt
For decades, Duke dumped the ash into ponds and mounds around its coal-fired power plants. In recent years, the federal government, courts, state lawmakers and regulators have ordered the company to clean up coal ash sites.
Duke Energy has reached a confidential settlement with two of a group of insurance over coal ash cleanups.
In a , Duke says French insurer Generali, formerly known as Le Continent, paid the undisclosed settlement on May 7. Duke also recently settled with another French company, L'Etoile, according to Duke spokesman Bill Norton.
2007
Class-action settlement concerning Holocaust-era claims
Generali voluntarily entered a class-action settlement approved by the United States Court of Appeals for the Second Circuit. Under the settlement, it processed new inquiries and claims under standards associated with the International Commission on Holocaust Era Insurance Claims and under court supervision.
1997
Holocaust-era insurance policies and restitution program
Generali faced claims and public scrutiny concerning life-insurance policies issued by former branches in Central and Eastern Europe to people who later perished in the Holocaust. The company established a Policy Information Center in Trieste, funded an independent trust for voluntary payments, and participated in the International Commission on Holocaust Era Insurance Claims.