Building Owner Says Firm Must Pay If AIG Exits Injury Case

Law360, New York (January 21, 2014, 1:32 PM EST) -- The owner of an office building in New York City’s Garment District launched a two-pronged lawsuit on Friday against its former lawyers at Smith Mazure Director Wilkins Young & Yagerman PC and an American International Group Inc. unit over coverage of a demolition worker’s $6 million personal injury suit.

498 Seventh LLC is demanding protection against the worker's suit under a $50 million American International Specialty Lines Insurance Co. excess policy or, failing that, damages from Smith Mazure for allegedly mishandling the insurance claim.

AISLIC disclaimed...
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.