Analysis

The surplus lines market plays a critical role in the insurance ecosystem by providing coverage for hard-to-place and specialized risks. For WSIA’s 2020 Annual Virtual Marketplace from September 10-17, read up on the unique lines and market trends impacting the specialty and E&S industry.
New York recently enacted the Child Victims Act, extending the limitations period to age 55 for victims to bring claims of childhood sexual abuse against their abusers, as well as institutions.
Child sex abuse survivors — regardless of age — have one year from Aug. 14, 2019, to bring civil claims in New York. Hundreds of lawsuits have already been filed against major institutions such as the Catholic Church and the Boy Scouts of America. The lawsuits allege that the institutions negligently hired, retained, and/or supervised alleged abusers.
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