Justice Rules In Insurers’ Favor On Quota-Share, Stacking Issues In Sandy Suit

(June 8, 2016, 12:39 PM EDT) -- NEW YORK — A New York justice on May 11 granted insurers’ motion for summary judgment as to quota-share and stacking issues in a coverage dispute over Superstorm Sandy property damage (Orient Overseas Associates v. XL Insurance America, Inc., et al., No. 652292/2013, N.Y. Sup., New York Co.; 2016 N.Y. Misc. LEXIS 2048).

Orient Overseas Associates owns a building at 88 Pine St. in lower Manhattan. Cushman & Wakefield Inc. manages the property pursuant to a leasing and management agreement. XL Insurance American Inc., Ace American...
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