The talk over the last couple of weeks has been all about New York's Comprehensive Insurance Disclosure Act (“CIDA”) which went into effect on December 31, 2021, and the amendments to that law that have been bouncing around the New York State Legislature since that time.  For those who were not on our daily update email list (because they have been following the trial and tribulations of the amendments very closely) we are pleased to advise that on Thursday, February 17, the amended bill passed both houses of the Legislature and is on its way to the Governor's desk for a promised signature.  We are confident (although confidence is not quite as good as certainty), that Governor Hochul will sign the amendments into law before March 1.

If that occurs, CIDA will only apply to lawsuits that were commenced in 2022 and required disclosures will need to be made within 90 days of answers (or third-party answers) being filed in actions commenced this year.