Appellate Court Finds Claim Barred by Statute of Limitations

NEW YORK - A New York appellate court has reversed a trial court decision and ordered an insurance lawsuit dismissed on statute of limitations grounds. Lichter Real Estate Number Three LLC v. Greater New York Insurance Co., No. 602086 (N.Y. Sup., App. Div., 1st Dept.).

In an opinion issued on Aug. 30, the New York Supreme Court Appellate Division, First Department, rejected the insured's argument that the cause of action didn't accrue until tests revealed dangerous levels of mold, saying the policy's two-year limitations period began to run on the date a steam riser broke and initiated the damage.

Lichter …