N.Y. Law Applies in Midland Liquidation Proceeding, Court Rules

NEW YORK - A New York state appellate court has ruled that New York substantive law must be applied to the analysis of policyholders' denied claims in the liquidation of Midland Insurance Co. In re Liquidation of Midland Insurance Co., No. 00209 (N.Y. Sup., App. Div., 1st Dept.).

The New York Supreme Court, Appellate Division, 1st Department, reversed a trial court's ruling that for each policyholder an individualized choice-of-law review must be undertaken.

Midland Insurance Co. wrote a substantial amount of excess coverage for Fortune 500 companies that began to face significant environmental, asbestos and product liability claims in the …