Paramount Communications, Inc. v. Gibraltar Casualty Co.
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
This case concerns a determination by the Superintendent of Insurance to deny coverage of petitioner’s claim under the New York Property/Casualty Insurance Security Fund (Security Fund). Under its broad powers to interpret the Insurance Law and administer the fund established to provide coverage for insureds of insolvent insurance companies, the Superintendent has determined that the insured must relinquish physical possession and control of the subject property in New York for property claims to qualify for coverage under the Security Fund. Here, the…
2Cases cited8 opinions
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- Antone v. General Motors Corp.New York Court of Appeals · 1984
- New York Public Interest Research Group, Inc. v. New York State Department of InsuranceNew York Court of Appeals · 1985
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