n exchange for giving up ownership of drug manufacturer Purdue Pharma and for contributing up to $6 billion to fight the crisis, members of the wealthy Sackler family would be exempt from any civil lawsuits.
Author: Annie George
How the $1.8B Real-Estate Commissions Lawsuit Came to Be
The litigation that could end up changing how millions of Americans buy and sell homes was hiding in plain sight for three decades.
Biden’s Clean Energy Agenda Faces Mounting Headwinds
A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.
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Swiss Re: Insurance Industry Strengthens Resilience in Challenging Environment
According to the sigma “Risk on the rise as headwinds blow stronger” the global insurance industry’s strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks.
Geneva Association Says Public Backstop May Be Necessary for Major Cyber Events
The protection gap between cyber liability coverage and the potential for losses means a taxpayer backstop for major cyber events may be necessary, according to a report from the Geneva Association.
Title Insurance Pilot Scuttled after Blowback from Insurers, Lawmakers
The Biden administration pushed to save homeowners thousands of dollars in closing costs on certain mortgages, part of a broad effort to slash fees and save Americans money. Objections from an obscure industry and from lawmakers helped kill the plan.
Corporate America Is Rethinking Diversity Hiring
The same conservative activists who helped gut race-related college admissions at the US Supreme Court have now set their sights on corporate diversity programs, barraging airlines, tech giants and law firms with lawsuits and complaints. And they’re already having an effect.
DOJ Settles with Two U.K. Reinsurance Brokers Over Ecuador Bribes
The Justice Department has settled with two U.K.-based reinsurance brokers that admitted to participating in a scheme to bribe Ecuadorean government officials.
AI to Reignite Global M&A Market in 2024
With interest rates stabilizing and a pick-up in deal activity after a muted first half in 2023 fueling cautious optimism, WTW looks at the trends to shape the M&A landscape in 2024.