In mid-February, the United States Senate passed the Class Action Fairness Act, S 5, by a vote of 72 to 26. The measure calls for moving many class-action lawsuits from state courts to federal courts when the amount in dispute exceeds $5 million and when the defendant and the plaintiff live in different states.

Insurance trade groups called the bill’s passage long overdue. “This legislation represents a critical step toward reforming our nation’s legal system and is a major achievement for RIMS’ legislative agenda,” said Janice Ochenkowski, vice president, external affairs, for the Risk and Insurance Management Society.

 

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