New York Appeals Panel: Agent’s Action Was Not Cause Of Insolvent Insurer’s Losses

Mealey's (March 9, 2018, 1:49 PM EST) -- ALBANY, N.Y. — An insurance agent’s conduct was not the proximate cause of an insolvent insurer’s losses under surety bonds, the Third Department New York Supreme Court Appellate Division held March 8, affirming the dismissal of the insurer’s negligence, breach of contract and breach of fiduciary duty claims (Frontier Insurance Co. in liquidation v. Merritt & McKenzie Inc., No. 524078, N.Y. Sup., App. Div., 3rd Dept., 2018 N.Y. App. Div. LEXIS 1525)....