Liquidation of Union Indemnity Insurance v. American Centennial Insurance

—Judgment, Supreme Court, New York County (Ira Gammerman, J.), entered August 2, 1995, dismissing the intervenor Superintendent of Insurance/Liquidator’s claim for recovery of certain reinsurance proceeds, and bringing up for review a prior order, same court and Justice, entered July 18, 1995, which severed such claim from the Liquidator’s alternative claim for return of certain reinsurance premiums, unanimously affirmed, without costs.

The severance was a proper exercise of discretion in order to create finality and promote judicial economy. The Liquidator’s two claims are distinct, the first…