On March 20, 2023, the Southern District of New York denied a policyholder’s claim for coverage and granted the insurer’s motion for judgment on the pleadings in Pine Management, Inc. v. Colony Insurance Company. The parties disputed whether a real estate liability insurance policy provided defense and indemnification for Pine Management, Inc. in an underlying lawsuit brought by numerous companies that Pine managed. A simple question proved pivotal in the outcome: whether Pine had timely sought coverage for its claim.
Reprinted courtesy of Matthew J. Revis, Hunton Andrews Kurth and Patrick M. McDermott, Hunton Andrews Kurth
Mr. Revis may be contacted at mrevis@HuntonAK.com
Mr. McDermott may be contacted at pmcdermott@HuntonAK.com