Insurers Seek Consolidation of N.Y. Lawsuits Involving Flood Sublimits on Superstorm Sandy Damage Claims

NEW YORK — Defendants in five Superstorm Sandy insurance lawsuits have moved to consolidate the claims, arguing that they all involve a dispute over a $5 million flood sublimit contained in policies issued as part of a quota share insurance program covering two New York City buildings that were damaged during the storm.

Several insurers filed the motion in New York Supreme Court, where all five cases are pending and where four of the claimswere filed in May by the owner of one of the buildings insured under the program. The lawsuits all allege that the coverage provided by the …