New York’s top court said misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder. The accident killed seven people in Manhattan.
Alliance Insurance claims Joy Contractors said it specialized in drywall installation, didn’t do exterior work and did no work above the second floor except for indoor drywall. The company says that means no coverage for the 200-foot-tall crane that toppled in March 2008. The Court of Appeals said in June if Alliance proves that was not a valid policy for Joy, it also won’t cover “additional insureds,” including general contractor Reliance Construction and the owners and developers.
Was this article valuable?
Here are more articles you may enjoy.
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected
AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says
AI’s Water Strain Includes Surging Demand From Electricity Use
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns 


