NY Insurance Case Highlights Importance Of Specific Wording

Law360, New York (October 12, 2017, 3:20 PM EDT) -- The specific wording of the terms and provisions of an insurance policy can be outcome-determinative as applied to the facts and circumstances of the loss and a policyholder’s ability to obtain insurance coverage. Policyholders are encouraged to seek expertise and advice from risk managers, insurance brokers and coverage counsel who can work as a team to ensure that quality insurance programs, vital to the ongoing success of its business, are in place.

In a recent decision, the Appellate Division of the Supreme Court of New York...
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