… Indeed, O’Connell and two other Goldberg Segalla lawyers, Colleen Murphy and Jim Wrynn (the former superintendent of insurance for the state of New York), were in the news last week when the Legacy Insurance Management Act (LIMA) was signed into law in the US state of Vermont. LIMA enables a non-admitted insurer from any part of the world to transfer closed blocks of US legacy business to an admitted insurere or other entity domiciled in Vermont, which then takes over the obligations to policyholders. The driving force behind LIMA is a Goldberg Segalla client, Anna Petropoulos, president of Apetrop USA, an insurance/reinsurance run-off services company.  Read more at InsuranceDay (registration required)