An insurance company, which has insured several New York hospitals and charities, has filed for bankruptcy and is closing its practice after being overwhelmed by lawsuits related to that state’s Child Victims Act (CVA). Bermuda-based Northeast Insurance Company filed for Chapter 15 bankruptcy protection in New York on Oct. 15, seeking U.S. recognition of its ongoing liquidation process in Bermuda.

Explore key 2025 legal updates and insurance considerations for the U.S. construction industry, including employment laws, OSHA regulations, contractor classifications, and commercial general liability insurance nuances.

Explore how ongoing supply chain challenges are impacting U.S. insurance underwriting metrics and project timelines, particularly in construction, driving up premiums and complicating compliance.