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N.Y. Court: Insureds Can Sue For Consequential Damages

East News • February 20, 2008
A new ruling by the New York Court of Appeals could open the door for breach of contract suits against commercial property insurers - a move two dissenting judges warned could raise the price of ...

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Subject: RE: RE: RE: New York Courts

Posted On: February 20, 2008, 4:09 pm CST
Posted By: Russell Vollmer
Comment:
I agree with the comments of others and with the two dissenting judges. Besides the prospect of higher premiums (just what we need to attract or keep business in NY), if our courts, in their efforts to use insurance industry coffers to solve social and financial problems, keep whittling away at insurers' reserves and eat into their profits, that will ultimately cause some to pull away from New York and put their capital elsewhere where they have a better chance of profit. How good is that for New York?
Subject Posted By Posted On
Why seven months? Dan Smith
Apr 8, 2008, 12:34 pm
Opinions Posted Scott Carr
Feb 21, 2008, 9:11 am
RE: Business Rights or NY Lawyers profit Fair
Feb 21, 2008, 9:04 am
Business Rights Jim
Feb 21, 2008, 8:48 am
@"I HISTORY
Feb 20, 2008, 9:17 pm
New York New York New York
Feb 20, 2008, 7:32 pm
RE: RE: RE: New York Courts Russell Vollmer
Feb 20, 2008, 4:09 pm
RE: RE: New York Courts Rich
Feb 20, 2008, 2:21 pm
RE: New York Courts Marc
Feb 20, 2008, 2:05 pm
New York Courts Dave
Feb 20, 2008, 1:04 pm
faulty repairs? ernie
Feb 20, 2008, 12:57 pm
Consequential Damages Frank Stowell
Feb 20, 2008, 12:42 pm
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