PMT is always on your side by keeping you up to date on important changes in New York Law.
On December 31, 2021, Governor Kathy Hochul signed into law the Comprehensive Insurance Disclosure Act, New York State Senate Bill S7052. The statute, which amends New York’s Civil Practice Law & Rules (“CPLR”) Article 3101(f), imposes new insurance disclosure requirements, and greatly expands, a defendant’s and their insurance carrier’s obligations to provide detailed insurance information within sixty days of a party’s appearance in a litigation.
The new statute mandates, among other things, disclosure of complete copies of primary, excess, and umbrella policies potentially implicated in the lawsuit, as well as any erosion of limits under the policies. The law also requires the disclosure of insurance applications and information on other claims, litigations, contracts, or agreements that may deplete the available coverage limits. This information is required to be provided within sixty (60) days after a defendant files its Answer, and as of now, by March 1, 2022 for previously filed cases. A party’s obligation to provide this information is ongoing.
As your trusted advisor, upon request, PMT will provide specific guidance about compliance with this new law. Please contact Marc Pillinger at mpillinger@pmtlawfirm.com, Neil L. Sambursky at nsambursky@pmtlawfirm.com, or Thomas Bona at tbona@pmtlawfirm.com to schedule a presentation.
We look forward building and growing our relationship.
Should you have any questions, please call our office at (914) 703-6300 or contact:
Marc H. Pillinger, Executive Partner
mpillinger@pmtlawfirm.com
Jeffrey T. Miller, Executive Partner
jmiller@pmtlawfirm.com