5th Circ. Reverses NYMagic Win In Stevedore Suit

Law360, New York (May 31, 2011, 4:49 PM EDT) -- The Fifth Circuit on Tuesday reversed a win for New York Marine & General Insurance Co. in its dispute with National Union Fire Insurance Co. over which should pay millions owed to a worker partially crushed in a shipping accident.

A three-judge panel said the lower court was wrong when it ruled that NYMagic's insurance policy with steel maker Bayou Steel Corp. excluded it from having to pay stevedore Ryan Campbell any of the $6 million he won in a lawsuit over his injuries. Campbell worked...
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