No Support For Breach Of Contract Tied To Payment Of Reinsurance Deductible

Mealey's (May 8, 2017, 3:06 PM EDT) -- NEW YORK — In support of a breach of contract claim in an insurance coverage dispute over flood damage at a construction site, construction companies failed to show that their insurer’s settlement caused them to pay a $50,000 deductible under a captive reinsurance agreement, a New York federal judge ruled May 4, dismissing the complaint (Keller Foundations LLC, et al. v. Zurich American Insurance Co., No. 16-6751, S.D. N.Y., 2017 U.S. Dist. LEXIS 68902)....