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Second Circuit Affirms Sandy-Related Negligence Claim Against Broker

January 30, 2018

We recently passed the five-year anniversary of Hurricane Sandy, one of the most devastating storms ever to make landfall in the New York coastal area. The hurricane and the powerful storm surge caused damage and destruction in the region through...


Court Denies Coverage Under Reps and Warranties Policy

November 27, 2017

The Representations and Warranties Insurance market continues to grow and evolve, as buyers and sellers of businesses and their counsel become more comfortable using insurance products to mitigate risks arising out of mergers and acquisitions....


SDNY Finds Coverage for Payment Instruction Fraud Loss

September 20, 2017

A fraudster impersonating either a company executive or an outside vendor communicates a request for funds, usually by email, to an employee with the authority or ability to perform the transaction. Too often, the employee falls for the scheme, fails...


Court of Appeals Clarifies Anti-Subrogation Rule

March 31, 2017

Under the terms of many insurance policies, the insurer has a right of subrogation which permits the insurer to seek recovery from a third party who is responsible for the insured loss. The anti-subrogation rule, as one might expect from the title,...