Water Exclusion Bars Coverage for Part of Law Firm’s Post-Superstorm Sandy Business Losses, N.Y. Judge Rules

NEW YORK — A federal judge in New York has ruled that a water exclusion in a law firm’s insurance policy bars coverage for business losses sustained during the first part of a two-week stretch that the firm’s offices were without power after Superstorm Sandy.

U.S. Dist. Judge Denise Cole of the Southern District of New York said in a March 18 decision that The Charter Oak Fire Insurance Co. is entitled to judgment in the dispute, but only on claims for losses that occurred during the period that Consolidated Edison preemptively shut down a power network that supplied electricity …