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Insurer Didn't Waive Flood Exclusion, NY Court Rules

By Jeff Sistrunk (April 6, 2016, 8:17 PM EDT) -- A New York appellate court affirmed Wednesday that Tower Insurance Co. can apply a flood exclusion to deny coverage for damage to a strip mall due to water runoff caused by heavy rains, despite the insurer's failure to specifically identify the exclusion in its initial denial letter....

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