Federal Judge Katherine Polk Failla of the Southern District of New York granted summary judgment in favor of Zurich American Insurance Company in connection with a contingent business interruption claim asserted by its insured, Lantheus Medical Imaging, Inc. The insured claimed that it sustained a contingent business interruption (“CBI”) loss in excess of $75 million… Continue reading N.Y. Federal Court Grants Summary Judgment in Connection with a Contingent Business Interruption Claim
Month: May 2015
N.J. Appellate Court Once Again Holds Bad Faith Claim Should Be Severed and Stayed
In addition to asserting a claim seeking coverage under its insurance policy, an insured frequently will assert a claim alleging that its insurer acted in bad faith in not paying the claim. This often occurs in cases involving uninsured motorist (“UM”) and underinsured motorist (“UIM”) claims. A UM claim is asserted by an insured against… Continue reading N.J. Appellate Court Once Again Holds Bad Faith Claim Should Be Severed and Stayed