Insurance Brokers Should Brace For Sandy Suits After NY Ruling

Law360, New York (November 26, 2012, 8:54 PM EST) -- By ruling last week that policyholders who haven't read their insurance policies still have the right to sue their brokers, New York's high court may have invited more businesses and property owners with heavy losses from Hurricane Sandy to lash out against brokers for not securing the coverage they expected, experts say.

In a 4-2 decision, the New York Court of Appeals held that policyholders' failure to review coverage does not bar them from suing their insurance agents and brokers over insufficient coverage, though agents may...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.