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Facing an upsurge in potential liability claims, the American International Group increased its reserves by $3.5 billion yesterday in a move that could have reverberations across the insurance industry and in Washington, where Republican lawmakers are eager to restrain liability lawsuits.
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Before the attacks, pledges by the candidate George W. Bush to limit corporate liability and restrain what critics called runaway juries were considered sops to the business community that would have a difficult time being adopted in the face of powerful opposition from trial lawyers and consumer groups.
That means companies face a higher risk of product-liability suits, which could discourage innovation and restrain growth.The public, however, will not see those costs, and thus probably will not care.
They restrain brutality.
I restrain myself.
"We want to restrain spending.
Until then, restrain.
Restrain yourself.
Abstain, and restrain.
Restrain your guinea pig.
Do not restrain them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com