Legal Opinion

Standard & Poor's Corp. v. Continental Casualty Co.

District Court, S.D. New York

Decided September 25, 1989No. 87 Civ. 6543 KCPublishedCited by 2 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

CONBOY, District Judge:

In 1980, defendant Continental Casualty Company (“Continental”) issued to Standard & Poor’s (“S & P”), a prominent publisher of business and financial information, an insurance policy covering loss from, inter alia, “any act, error or omis sion, misleading statement or misstatement” committed by S & P. The policy provided for a $500,000 deductible per “occurrence” and a $20,000,000 liability limit per “occurrence” with an annual aggregate liability limit of $20,000,000. “Occurrence” is defined in the policy as follows:

“Occurrence” means all…

2Cases cited10 opinions

  1. Seaboard Surety Co. v. Gillette Co.New York Court of Appeals · 1984
  2. Schering Corporation, Plaintiff-Appellee-Cross-Appellant v. Home Insurance Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1983
  3. International Paper Co. v. Continental Casualty Co.New York Court of Appeals · 1974
  4. American Home Products Corporation, Plaintiff-Appellant-Cross-Appellee v. Liberty Mutual Insurance Company, Defendant-Appellee-Cross-AppellantCourt of Appeals for the Second Circuit · 1984
  5. American Home Products Corp. v. Liberty Mutual InsuranceDistrict Court, S.D. New York · 1983

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3Cited by2 opinions

  1. RTG Furniture Corp. v. Industrial Risk InsurersDistrict Court, S.D. Florida · 2008
  2. Upper Deck Co. v. American International Specialty Lines InsuranceDistrict Court, S.D. California · 2007

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