Insured:  Ruling Violated N.Y. High Court’s Core Principles Of Policy Interpretation

Mealey's (January 19, 2023, 1:36 PM EST) -- ALBANY, N.Y. — The owner and operator of numerous restaurants argued to the New York Court of Appeals that the First Department New York Supreme Court Appellate Division’s affirmation of a lower court’s dismissal of its commercial property coverage lawsuit arising from an alleged tens of millions of dollars in revenue loss prompted by the coronavirus pandemic violated “nearly every one of” the high court’s core principles of insurance policy interpretation and ignored “New York’s basic pleading standards.”...