Anti-Subrogation Rule Does Not Bar Insurers’ Subrogation Rights, N.Y. Court Says

Mealey's (May 10, 2016, 12:17 PM EDT) -- ALBANY, N.Y. — The New York Court of Appeals on May 5 determined that an anti-subrogation rule does not apply to bar the insurers’ right to subrogation in a coverage dispute arising out of underlying lead paint claims because the party from which it seeks subrogation is not an insured, a requirement under the anti-subrogation rule (Millennium Holdings LLC, et al. v. The Glidden Co., n/k/a Akzo Nobel Paints LLC, No. 38, N.Y. App.; 2016 N.Y. LEXIS 1060).

(Opinion available. Document #03-160511-003Z.)

Millennium Holdings LLC filed...
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