Ace Loses Deductible Fight Over Oil Terminal's Sandy Damage

Law360
01/03/2014
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A New York state judge held Thursday that a New York City fuel oil terminal owner that suffered nearly $2.28 million in Superstorm Sandy losses could pay a $250,000 deductible to receive flood coverage from Ace American Insurance Co.

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Insurance Recovery First Party Property Damage, Business Interruption and Extra Expense Coverage