No Collapse; No Coverage, New York Justice Rules In Breach Of Contract Dispute
Mealey's (October 12, 2016, 12:10 PM EDT) -- WHITE PLAINS, N.Y. — A New York justice on Sept. 30 granted a commercial property insurer’s motion for summary judgment in a breach of contract lawsuit filed by its insured, finding that the insured’s loss failed to constitute a collapse necessary to trigger coverage under the policy (HB Holdings & Realty Management LLC d/b/a Balsamo Holdings Corp., et al. v. Tower Insurance Company of NewYork, No. 56804/2015, N.Y. Sup., Westchester Co.).
(Decision and order available. Document #51-161013-026Z.)