NY Insurers May Benefit From Lower Disclaimer Standard
Law360, New York (July 17, 2014, 10:56 AM EDT) -- Recently, the New York Court of Appeals ruled on whether the statutory requirement for issuing timely disclaimers applied to environmental claims and whether insurers effectively waived their late notice defenses in failing to issue the disclaimer sooner. In ruling that the heightened standard for issuing a disclaimer under New York's Insurance Law did not apply to the subject claims, New York's highest court confirmed that the "as soon as reasonably possible" requirement contained in the statute was limited to bodily injury and death claims, as opposed to property damage or environmental claims. However, practitioners should be mindful of the potential for...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!