United States: Insurance

New York Governor Kathy Hochul has signed sweeping tort reform legislation that fundamentally changes how motor vehicle accident cases will be litigated in state courts. The reforms introduce comparative fault limitations, eliminate a key category of "serious injury" claims, and cap damages for plaintiffs engaged in illegal conduct at the time of accidents. These changes promise to significantly impact settlement negotiations, summary judgment motions, and trial outcomes for defendants in thousands of cases

Buying or selling a pharmacy is not like buying or selling an ordinary retail business. A pharmacy is a licensed healthcare operation. It holds state pharmacy permits, controlled substance registrations...

“Squalls out on the gulf stream, big storms comin’ soon,” sang the late, great Jimmy Buffett, who knew, as a coastal resident, the power of a great storm. While summer is known for long days and family getaways...

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The Reinsurance (E) Task Force (“RTF”) of the US National Association of Insurance Commissioners (“NAIC”) held a virtual meeting on March 2, 2026 in lieu of meeting in person at the NAIC Spring 2026...

In recent years, ceding companies and reinsurers across major jurisdictions around the world have faced increasing scrutiny from insurance regulators regarding the use of cross-border asset-intensive reinsurance...