Breach Of Contract, Bad Faith Suit Not Filed Within Suit Limitations Period

Mealey's (February 17, 2022, 2:08 PM EST) -- NEW YORK — A New York federal judge on Feb. 4 dismissed an insured’s breach of contract and bad faith suit filed against its commercial property insurer arising out of a coverage dispute for property damages and business interruption losses caused by water damage after determining that the insured failed to file the suit before the policy’s suit limitation expired....