Legal Opinion
Michigan National Bank-Oakland v. American Centennial Insurance
New York Court of Appeals
Decided November 14, 1996PublishedCited by 75 opinions
1Opinion of the Court
OPINION OF THE COURT
Bellacosa, J.
Intervenor Superintendent of Insurance, as Liquidator, and plaintiff Michigan National Bank-Oakland respectively appeal pursuant to leave granted by this Court. The order of the Appellate Division affirmed a judgment of Supreme Court, granting the motions of defendants reinsurers for summary judgment. Their affirmative defense of fraud was upheld and rescission of their reinsurance treaties with the insolvent insurer was allowed.
These appeals, in the context of a procedurally complex reinsurance series of disputes, raise core issues whether (1) statements made…
2Cases cited16 opinions
- Sun Mutual Insurance v. Ocean InsuranceSupreme Court of the United States · 1883
- Eastern District Piece Dye Works, Inc. v. Travelers InsuranceNew York Court of Appeals · 1923
- Bohlinger v. ZangerNew York Court of Appeals · 1954
- Cook v. . BarrNew York Court of Appeals · 1870
- Corcoran v. Frank B. Hall & Co.Appellate Division of the Supreme Court of the State of New York · 1989
11 more not listed; retrieve them via the Exa API.
3Cited by75 opinions
- EXECUTIVE RISK INDEMNITY, INC. v. Charleston Area Medical Center, Inc.District Court, S.D. West Virginia · 2009
- Travelers Casualty & Surety Co. v. Certain Underwriters at Lloyd's of LondonNew York Court of Appeals · 2001
- Global Reinsurance Corp. of Am. v. Century Indem. Co.Court for the Trial of Impeachments and Correction of Errors · 2017
- Festinger v. EdrichAppellate Division of the Supreme Court of the State of New York · 2006
- Glob. Reins. Corp. of Am. v. Century Indem. Co.Court of Appeals for the Second Circuit · 2021
70 more not listed; retrieve them via the Exa API.