U.S.
FWD Group Cancels U.S. IPO Plan, Pivots to Hong Kong Instead
FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. The company said in a filing ...
Judge Asks Who’s to Blame If Employee ‘Goes Rogue’
As the five-week trial of a Credit Suisse Group AG life insurance unit began to wind down last Thursday afternoon, the presiding judge cut to the chase. Lawyers for Credit Suisse Life (Bermuda) Ltd. ...
Financial Council Warns Climate Change, Stablecoins Are Systemic Risks
Climate change, the rapid growth of "stablecoins" and financial innovations that led to frenzied trading of GameStop Corp shares early this year are threats to the U.S. financial system that merit ...
Insurer Missed Deadline to Remove $1M Bad Faith Case to Federal Court
Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a jury found he had incurred $1,022,780 in damages. Because he didn't, the insurer ...
Update on Legal Status of Federal COVID-19 Vaccine Mandates
Tens of millions of workers across the U.S. are in limbo as federal courts have issued different rulings related to President Joe Biden's COVID-19 vaccine mandates for larger private companies, ...
Offshore Wind Project Spurs Legal Challenge From Oil Lobby and U.S. Fishing Industry
Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Zurich Will Acquire AlphaChat, an Estonia-Based Conversational AI Company
Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the ...