New York Appellate Court: Insurer Has No Duty To Reimburse Repair Costs
Mealey's (April 22, 2016, 10:01 AM EDT) -- NEW YORK — An insurer is not obligated to reimburse its insureds for the cost of repairing certain concrete floor slabs, the First Department New York Supreme Court Appellate Division ruled April 21 (St. George Tower and Grill Owners Corp. v. Insurance Company of Greater New York, No. 651746/12, N.Y. Sup., App. Div., 1st Dept.; 2016 N.Y. App. Div. LEXIS 2971).
(Opinion available. Document #69-160506-011Z.)
The First Department held that “where it is fortuitously discovered in the course of performing remediation of covered property damage, that...