NYC Dealership Wins Sandy Business Interruption Coverage

Law360, New York (January 17, 2014, 4:40 PM ET) -- A state judge on Thursday handed a New York City Nissan dealership the key to up to $3 million in Superstorm Sandy-related business interruption coverage from Tower National Insurance Co., finding that a flood exclusion was inapplicable to those losses.

In a bench ruling, New York Supreme Court Judge Jeffrey Oing determined that even if the property damage that caused Five Towns Nissan LLC to shut down for months following the storm is ultimately found to fall under the flood exclusion, the dealership's loss of business...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required