Paramount Communications, Inc. v. Gibraltar Casualty Co.

Order and judgment (one paper), Supreme Court, New York County (Shirley Fingerhood, J.), entered July 20, 1992, which, inter alia, annulled the determination of respondent Superintendent of Insurance that petitioner’s claim did not arise in New York, and adjudged that the claim meets the requirements of Insurance Law § 7602 (g) and § 7603 (a) (1) (B) for access to the State Property/Casualty Insurance Security Fund, unanimously affirmed, without costs.

We agree with the IAS Court’s alternative conclusion that since the insured product was shipped by common carrier FOB place of destination in…