Cleary Says Insurer's Flood Ban Is Void In $3M Sandy Row

Law360, New York (September 11, 2014, 8:48 PM EDT) -- Cleary Gottlieb Steen & Hamilton LLP on Thursday pressed a New York judge to find that its Federal Insurance Co. policy covers a power outage caused by Superstorm Sandy that wiped out at least $3 million in business income, arguing that a key policy provision voids an exclusion for floods.

During oral arguments in a lower Manhattan courtroom, Cleary attorney Jonathan I. Blackman told New York Supreme Court Judge Marcy S. Friedman that the policy unambiguously covers losses stemming from the shutdown of its downtown Manhattan offices that lost utility service after Sandy's storm surge flooded lower Manhattan, leading to a...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!