Union Carbide Corp. v. Affiliated FM Insurance
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*535We agree with Judge Martin’s analysis in Maryland Cas. Co. v W.R. Grace & Co. (1996 WL 169326, 1996 US Dist LEXIS 4500 [SD NY 1996]), as the relevant terms of the multiyear excess policies are indistinguishable from those in W.R. Grace. A declaration in each multiyear policy specifies a dollar amount as the “limit of liability” under the policy and states that the limit applies to each occurrence and “in the aggregate.” The multiyear excess policies in W.R. Grace contained essentially the same language. Like the insured in W.R. Grace, Union Carbide seeks “to alter the plain terms of the…
2Cases cited11 opinions
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- Consolidated Edison Co. of New York, Inc. v. Allstate InsuranceNew York Court of Appeals · 2002
- Helmsley-Spear, Inc. v. New York Blood Center, Inc.Appellate Division of the Supreme Court of the State of New York · 1999
- Nissho Iwai Europe PLC v. Korea First BankNew York Court of Appeals · 2002
- Stonewall Insurance v. Asbestos Claims Management Corp.Court of Appeals for the Second Circuit · 1996
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3Cited by6 opinions
- Union Carbide Corp. v. Affiliated FM InsuranceNew York Court of Appeals · 2011
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- Munich Reinsurance America, Inc. v. American National InsuranceDistrict Court, D. New Jersey · 2014
- Abcon Associates, Inc. v. Haas & NajarianDistrict Court, E.D. New York · 2016
- HSBC Bank USA, N.A. v. PacificoAppellate Division of the Supreme Court of the State of New York · 2024
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