2nd Circ. Keeps $6.3M Amerex Insurance Row Buried

Law360, New York (May 10, 2012, 8:44 PM EDT) -- The Second Circuit on Thursday upheld a decision dismissing Amerex Group Inc.'s $6.3 million claim against excess insurers Lexington Insurance Co. and Westchester Surplus Lines Insurance Co. over coverage for property damage, saying the appraisal of Amerex's losses was fair.

The court struck down Amerex's argument that an appraisal panel improperly decided questions of law instead of questions of fact, finding that the panel — which determined Amerex's claim was worth vastly less than the company had estimated and had already been more than covered by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.