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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
United States | Publication | July 2022
On July 14, 2022, the US Occupational Safety and Health Administration (OSHA) announced another in its enhanced enforcement initiatives to protect workers from known industry hazards.
To stress the dangers in trenching and excavation work, OSHA will use “every available tool” to address how it will evaluate penalties for trenching and excavation-related incidents, specifically including potential criminal referrals to hold employers accountable when their acts or omissions result in worker injury or death.
OSHA noted that, in the first half of this year, 22 trench incident deaths occurred, far surpassing the total for all of 2021. A cubic yard of soil weighs as much as 3,000 pounds and can result in crush and suffocation in a collapse.
Consistent with its National Emphasis Program for excavations, OSHA states it intends to perform over 1,000 random trench inspections, at any excavation site in the country.
Trenching standards require protective systems on trenches deeper than five feet and soil and other materials kept at least two feet from the edge of a trench. Additionally, trenches must be inspected by a knowledgeable person, be free of standing water and atmospheric hazards and have a safe means of entering and exiting prior to allowing workers to enter.
OSHA’s On-Site Consultation Program will assist employers in developing strategic approaches to avoid trench-related workplace incidents. Its trenching and excavation webpage provides additional information on trenching hazards and solutions, including a safety video.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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