New York Justice Dismisses Appraisal Dispute Stemming From Superstorm Sandy Damage

Mealey's (April 21, 2017, 2:40 PM EDT) -- NEW YORK — A New York justice on April 7 granted an insurer’s motion to dismiss a dispute over a $170,129.96 appraisal award for Superstorm Sandy damage, rejecting the insured’s argument that the appraisal award was an instrument for the payment of money only and further finding that the insured failed to file its lawsuit before the policy’s two-year limitations period expired (MZM Real Estate Corp. v. Tower Insurance Company Of New York, No.: 452741/2015, N.Y. Sup., N.Y. Co., 2017 N.Y. Misc. LEXIS 1292)....