Insurer Doesn't Have To Pay If Property Owner Lied: Court

By Jeff Sistrunk (February 26, 2015, 6:17 PM EST) -- A New York appeals court on Wednesday held that CastlePoint Insurance Co. doesn't have to cover fire damage to a Brooklyn residence because the insurance policy application falsely stated that the property would be occupied by the owner, regardless of whether the owner authorized the misrepresentation....

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