Legal Opinion
ACE American Insurance Co. v. American Guarantee & Liability Insurance Co.
District Court, S.D. New York
Decided July 2, 2017No. 16 Civ. 8773 (JSR)PublishedCited by 3 opinions
1Opinion of the Court
*598OPINION AND ORDER
JED S. RAKOFF, U.S.D.J.
In this action, plaintiff ACE" American Insurance Company (“ACE”) and defendant American Guarantee & Liability Insurance Company (“American Guarantee”) dispute whether and to what extent ACE or American Guarantee is ultimately responsible for funding a $5 million share of a $24 million settlement of a state-court personal injury lawsuit. To conclude the settlement and resolve that lawsuit, ACE paid $3.5 million and American Guarantee paid $1.5 million, with each reserving its right to contest its obligations in a subsequent lawsuit, he., the instant…
2Cases cited17 opinions
- Darnell v. City of New YorkCourt of Appeals for the Second Circuit · 2017
- Colon v. CoughlinCourt of Appeals for the Second Circuit · 1995
- Gramatan Home Investors Corp. v. LopezNew York Court of Appeals · 1979
- Pennsylvania General Insurance v. Austin Powder Co.New York Court of Appeals · 1986
- North Star Reinsurance Corp. v. Continental InsuranceNew York Court of Appeals · 1993
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3Cited by3 opinions
- Allied World Surplus Lines Insurance Company v. Hoffman International, Inc.District Court, S.D. New York · 2020
- Western Waterproofing Company, Inc. v. Zurich American Insurance CompanyDistrict Court, S.D. New York · 2023
- Zurich American Insurance Company v. Certain Underwriters at Lloyd's of London Subscribing to Policy Number B12630308616District Court, S.D. New York · 2022