NY Ruling Curtails Contractors' Additional Insured Coverage

Law360, Los Angeles (June 7, 2017, 10:46 PM EDT) -- New York's highest court ruled this week that a common insurance policy endorsement extends coverage to additional insureds only when an injury is proximately caused by the named insured's conduct, a ruling that substantially limits the protection available to general contractors whose subcontractors have purchased such policies.

In an opinion issued Tuesday, a split New York Court of Appeals upended a state appellate panel's ruling that the New York City Transit Authority and Metropolitan Transit Authority are entitled to additional insured coverage under an endorsement in...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.