Insurers Push For Dismissal Of Irene, Sandy Coverage Suit

Law360, New York (March 22, 2013, 7:27 PM EDT) -- A group of insurers urged a New Jersey judge on Friday to toss a proposed class action saying they improperly denied flood victims' insurance claims following hurricanes Irene and Sandy based on a disputed definition of what constitutes a property's "basement."

New Jersey Re-Insurance Co. is seeking to dismiss named plaintiff Patrick Donnelly's suit accusing the insurer of wrongfully denying his claims based on an erroneous definition of the lowest floor of his building as a "basement." The insurer argues that the Third Circuit has held...
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.