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.

Chapter 15 is often used when a foreign company needs U.S. courts to legally manage its U.S. assets and debts.

Northeast Insurance historically provided coverage for medical malpractice and general liability to its shareholder hospitals and affiliated institutions. such as the UJA/Federation of Jewish Philanthropies of New York, including its associated camps and nursing homes, court records s

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