Trial Justice: Insurers Cannot Seek Subrogation From Insolvent Insurer

Mealey's (June 27, 2019, 7:51 AM EDT) -- BROOKLYN, N.Y. — New York and Pennsylvania law state that solvent insurers cannot seek subrogation from an estate’s insolvent insurer to collect payments made to their own insureds for fire damage, a New York justice ruled May 17 (Tara McPherson, et al. v. Cross County Savings Bank, et al., No. 506746/13, N.Y. Sup., Kings Co., 2019 N.Y. Misc. LEXIS 2829)....

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