Schwartz v. Twin City Fire Insurance

MEMORANDUM AND ORDER

CASTE L, District Judge.

These are the Court’s rulings on the post-trial motions in an action tried to verdict before a jury on a claim of an insured against his excess carriers under directors’ and officers’ liability policies. Bad faith cross-claims were asserted by the excess carriers against the settling primary carrier and they are also the subject of post-trial rulings.

I. OVERVIEW

Bernard L. Schwartz is a graduate of New York City’s Townsend Harris High School and C.U.N.Y.’s Brooklyn College, a veteran of World War II and a public accountant. In 1972, he joined Loral…