NY Car Dealership Seeks Return Of $2M Sandy Deductible

Law360, New York (February 28, 2014, 3:18 PM EST) -- A Queens, N.Y.-area Nissan dealership asked a state judge on Thursday to declare that a Zurich Insurance Group Ltd. unit wrongly applied a deductible for each of 450 inventory vehicles wiped out by Superstorm Sandy to strip away $2 million in due coverage.

Five Towns Nissan LLC told New York Supreme Court Judge Jeffrey Oing that a $300,00 aggregate deductible applies as a matter of law to post-Sandy losses the dealership claimed from Zurich unit Universal Underwriters Insurance Co.

According to Five Towns, Zurich issued a master...
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