STORY FROM: Superstorm Sandy Insurance Litigation
Insurers Settle N.J. Dispute Over Coverage for Superstorm Sandy-Damaged Coffee Beans
August 24, 2016
NEWARK, N.J. — Two insurers have settled a subrogation action seeking contribution for underlying litigation involving warehouse-stored coffee and cocoa beans damaged during Superstorm Sandy, according to a recent filing in a New Jersey federal court.
On Aug. 18, Judge Claire Cecchi of the U.S. District Court for the District of New Jersey dismissed the action without prejudice, explaining that the parties may reopen the case if the settlement is not consummated.
Several insurers filed a subrogation claim to recover sums they paid for Superstorm Sandy-related damage to their insureds’ property (HDI Gerling Industrie Versicherung AG, et al., v. Continental ...
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