Brooklyn Complex Owner Seeks $20M In Sandy Coverage

Law360, New York (April 30, 2013, 1:17 PM EDT) -- Cammeby's Management Co. LLC launched a suit in New York federal court Monday accusing Affiliated FM Insurance Co. of stiffing it on $20 million in coverage for Superstorm Sandy damage suffered by a commercial complex it owns in Brooklyn.

According to its complaint, Cammeby's owns the Industry City at Bush Terminal, which suffered $30 million in damages when Sandy ripped through New York City in October.

“As a result of Superstorm Sandy, plaintiff suffered extensive damages to the subject premises in an amount yet to be...
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.