The expansion of child victim compensation laws across the United States has potential to impact the reserve positions of insurers, according to a new AM Best commentary. (Photo: royalty free image)
A few weeks ago, the Archdiocese of New York filed a lawsuit against its insurers after one company refused to cover claims brought through a new law that opened a window for older victims of child sex abuse to file civil litigation in New York.
Three other states also passed legislation broadening the statute of limitations for child abuse crimes, and another 16 states and the District of Columbia have similar laws that are expected to pass this year.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
