Insurance Bad Faith Suit Not Brought Within Required Time Frame, Justice Rules

(May 20, 2016, 12:34 PM EDT) -- BROOKLYN, N.Y. — Dismissal of an insurance bad faith action is proper because it was not brought within 12 months of the occurrence as required under the terms of a commercial property insurance policy, a New York state court justice ruled May 4 (Chandler Management Corp. v. First Specialty Insurance, No. 509677/15, N.Y. Sup., Kings Co.; 2016 N.Y. Misc. LEXIS 1679).

Chandler Management Corp. purchased a commercial property insurance policy from First Specialty Insurance and filed a claim pursuant to the policy after Chandler’s apartment complexes...
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