According to President Trump, “Tariff is the most beautiful word in the dictionary.” Throughout his presidential campaign, Trump promised to use tariffs as a central part of his foreign policy strategy. His America First Trade Policy memorandum also directs the administration to review various tariff- and tariff-adjacent levers the United States could use to further
Reed Smith LLP Blogs
Latest from Reed Smith LLP
California Insurance Commissioner Bulletin Adds Guidance on Smoke Damage Claims
On March 7, 2025, the California Department of Insurance issued Bulletin 2025-7, which provides crucial guidance on the handling of smoke damage claims for properties affected by the Los Angeles wildfires. This bulletin clarifies the Department’s position on insurance coverage for smoke damage and outlines the expectations for insurers in processing these claims. The bulletin
Court of Appeal clarity on CAR policy interpretation: Sky v Riverstone [2024]
In its judgment in Sky UK Ltd v Riverstone Managing Agency Ltd [2024] EWCA Civ 1567 the Court of Appeal has provided welcome clarification on several key issues relating to policy interpretation.
Background
Sky engaged Mace as the main contractor for its new headquarters under a Design and Build Contract. Mace was a named insured
Court clarifies that DEI executive orders are temporarily blocked for all federal agencies
In the early days of his second term, President Trump issued a series of executive orders (EO) that were aimed at reshaping the landscape of both federal and private sector policies. Two specifically targeted diversity, equity, and inclusion (DEI) initiatives:
EPA to Roll Back 31 Environmental Rules
Yesterday, Environmental Protection Agency (EPA) Administrator Lee Zeldin announced the agency will undertake 31 historic actions in the “greatest and most consequential day of deregulation in U.S. history,” mostly aimed at reducing or eliminating regulations regarding air pollution, energy production for coal plants, and DEI.
Of these actions, one of the most consequential is rolling
Reed Smith’s 11th Annual (Virtual) Health Care Conference Coming March 17-21
Reed Smith has announced the dates and topics for it’s 11th annual health care conference from March 17-21, 2024. The conference will be conducted entirely virtually this year with CLE webinars offered throughout the week on important and timely topics for the health care industry.
The schedule of the sessions is below, all of the
European Commission publishes Guidelines on the definition of an AI system
The European Commission (EC) has recently issued guidelines (“Guidelines”) on the definition of an AI system, as mandated by Article 96(1)(f) of the AI Act. The Guidelines aim to assist understanding of the scope and application of the AI Act, particularly for businesses and legal professionals navigating the regulatory landscape of AI technologies.
Trump Administration Attempts Another Overhaul of NEPA
Background
The Council on Environmental Quality (CEQ) published an interim final rule (Rule) in the Federal Register that removes its regulations implementing the National Environmental Policy Act (NEPA) at 40 CFR § 1500 et seq., effective April 11, 2025. CEQ seeks comments on the Rule to inform its decision process, due March 27, 2025.
NEPA is
Conditions to Coverage May Be More Conditional Than You Thought
Conditions Precedent to Coverage
Insurance policies typically are subject to certain conditions precedent to coverage. As the name suggests, conditions precedent to coverage are obligations placed on the insured that, in the normal case, must be complied with in order for coverage to attach.
Take a commercial general liability (or “CGL”) policy, for example. An occurrence-based
California to Reconsider Restrictions on Private Equity Influence in Medicine and Dentistry
California lawmakers are once again considering legislation targeting private equity’s influence in health care. Senate Bill 351 (SB 351), introduced on February 12, 2025, seeks to limit the influence of management service organizations (MSOs) and dental service organizations (DSOs) backed by private equity (PE) groups and hedge funds over medical and dental practices.
SB