Parties Agree to ‘Confidential Discovery’ Guidelines in $1.1 Million Sandy Coverage Action

NEW YORK — The parties in a $1.1 million Superstorm Sandy property damage coverage action against Allianz Global Risks US Insurance Co. have agreed to certain confidentiality guidelines, including what constitutes “confidential discovery” and the manner in which such discovery should be designated.

In an Oct. 16 order signed by Judge Colleen McMahon of the U.S. District Court for the Southern District of New York, the parties also agreed to a procedure for a party’s objection to designation of discovery material as “confidential.”

Nomura Holding America Inc. was insured under an Allianz commercial lines policy, which provided broad coverage …