Insurers Must Foot Costs Of Developer's Crane Collapse Defense

Law360, New York (April 3, 2012, 10:09 PM EDT) -- A New York state appeals court ruled Tuesday that three insurance companies should reimburse Illinois Union Insurance Co. for its coverage of East 51st Street Development Co. LLC’s defense costs in underlying suits over a fatal crane collapse at the developer’s site in 2008.

A three-judge panel said Lincoln General Insurance Co., Axis Surplus Insurance Co., and Interstate Fire and Casualty Co. Inc. — which had issued policies to companies that East 51st was working with on the construction project and which had included East 51st...
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