More than four years after Superstorm Sandy mangled a tower crane in New York City, attorneys for a developer, a construction manager and Zurich American Insurance Co. took their places in a courtroom in Albany last winter to argue before a panel of judges, the last appeal in an improbable lawsuit involving the crane. Although equipment and tools are not covered by a builders-risk policy, the developer and CM were trying to collect a payout for the crane damage at the 74-story One 57 luxury condominium tower in New York City.
Why an Insurer Denied a Claim For a Storm-Battered Crane
October 26, 2017
Scott Van Voorhis - Engineering News-Record
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