2nd Circuit Finds Error In Judge’s Construction Of Phrase In Insurance Policy

Mealey's (March 9, 2016, 11:36 AM EST) -- NEW YORK — Finding error in the construction of the phrase “caused only by” in an insurance policy, the Second Circuit U.S. Court of Appeals on March 7 vacated a judgment in favor of an insurer and remanded for a determination as to whether the policy’s coverage for loss involving collapse is properly characterized as “all-risk” coverage or “named perils” coverage (Paul Fabozzi, et al. v. Lexington Insurance Co., No. 15-911, 2nd Cir.; 2016 U.S. App. LEXIS 4206).

(Summary order available. Document #69-160401-003R.)

Paul and Annette...
To view the full article, register now.