Insurer Must Pay $1.2M For Sunken Barge And Pier Damage

By Jeff Sistrunk (December 16, 2019, 5:31 PM EST) -- The Second Circuit has affirmed that Atlantic Specialty Insurance Co. must pay $1.2 million to cover a builder's losses after a barge that it chartered sunk during a storm and damaged a Coney Island pier, leaving a New York federal judge's ruling intact.

A three-judge panel of the appellate court on Friday found no reason to disturb U.S. District Judge Joan M. Azrack's conclusion that Atlantic owes policyholder Coastal Environmental Group Inc. coverage under marine hull and indemnity policies, saying that decision was adequately supported by the evidence.

Among other things, Atlantic had sought to subject Judge Azrack's ruling to a...

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