Insurer Moves To Toss $20M Sandy Coverage Case

Law360, New York (November 27, 2013, 5:50 PM EST) -- Affiliated FM Insurance Co. asked a New York federal judge Wednesday to dismiss a suit claiming it stiffed the owner of a Brooklyn complex $20 million in coverage for Superstorm Sandy coverage, arguing that the parties mutually agreed to a $10 million flood sublimit.

The property's owner, Cammeby's Management Co. LLC, filed the suit in April accusing the insurance company of refusing to pay the full $30 million in damages in accordance with its coverage contract, but Affiliated FM claims the $30 million sublimit in the...
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.