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Expert Analysis

Key Insurance Issues Likely To Arise From NY Superfund Law

By Kenneth Ryan and Thomas Boley ( March 28, 2025, 5:00 PM EDT) -- On Dec. 26, New York Gov. Kathy Hochul signed into law New York's Climate Change Superfund Act. The statute imposes a massive $75 billion in liabilities on companies engaged in the fossil fuel business. Companies can be expected to look to their insurers for coverage, and this newly burgeoning category of environmental liabilities raises a slew of coverage issues, both old and new....

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