Insurer Sued Over $10M Sandy Losses In Rockaways

Law360, New York (November 22, 2013, 9:04 PM EST) -- A Queens County, N.Y., housing cooperative sued in federal court on Thursday to undo Fidelity National Property and Casualty Insurance Co.’s cancelation of seven property policies, which the corporation says stripped away more than $10 million in coverage for Superstorm Sandy damage.

Dayton Towers Corp. accused Fidelity of improperly canceling policies issued through the National Flood Insurance Program providing $18.5 million in total coverage to seven high-rises in The Rockaways and reissuing replacement policies that capped Dayton’s recovery at just $1.75 million. The buildings suffered $12...
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