Legal Opinion
Acadia 1 Corp. v. Insurance Co. of North America
New York Supreme Court
Decided April 23, 2012Published
1Opinion of the Court
*304OPINION OF THE COURT
Eileen Bransten, J.
This is an action for insurance coverage of a yacht owned by plaintiff Acadia 1 Corporation. Defendant Insurance Company of North America (ICNA) moves, pursuant to CPLR 3212, for an order granting summary judgment dismissing the complaint as untimely. For the reasons stated below, the motion is granted.
Background
Plaintiff is the owner of a 57-foot yacht called the Bandera. Plaintiff asserts that the yacht is worth between $1.5 million and $3 million.
ICNA insured the Bandera from October 21, 1997 until October 21, 2007.* The policies issued by ICNA to…
2Cases cited7 opinions
- Zuckerman v. City of New YorkNew York Court of Appeals · 1980
- Winegrad v. New York University Medical CenterNew York Court of Appeals · 1985
- Gilbert Frank Corp. v. Federal InsuranceNew York Court of Appeals · 1988
- EchoStar Satellite L.L.C. v. ESPN, Inc.Appellate Division of the Supreme Court of the State of New York · 2010
- Grob v. Kings Realty AssociatesAppellate Division of the Supreme Court of the State of New York · 2004
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