Aspen Specialty Insurance Company et al v. 4 NYP Ventures LLC

  1. October 11, 2016

    NYC Tower And Insurers Settle Superstorm Sandy Suit

    Insurers Aspen Specialty Insurance Co. and Landmark American Insurance Co. have reached a settlement with 4 NYP Ventures LLC in their New York federal lawsuit arising out of claims related to Superstorm Sandy, the insurers' attorney announced in court Tuesday.

  2. July 13, 2016

    Insurer's Coverage For Tower's Sandy Damage Capped At $20M

    A New York federal judge ruled on Thursday that the owner of a Manhattan office building is not entitled to further coverage from Factory Mutual Insurance Co. for property damage resulting from Superstorm Sandy, holding that the insurer has already fulfilled its obligations by paying $20 million for flood losses.

  3. February 25, 2016

    NYC Tower Owner Loses $19M Deductible Fight In Sandy Suit

    A New York federal judge ruled Thursday that the owner of a Manhattan office building damaged by Superstorm Sandy has to pay a deductible of $19.2 million — five percent of the building's value — for coverage from two excess insurers, since the building was in a designated "high hazard flood location."

  4. May 21, 2013

    Insurers Dispute Liability For NYC Tower's Sandy Flood Losses

    Aspen Specialty Insurance Co. and Landmark American Insurance Co. on Friday sued the HSBC Alternative Investments Ltd. and Edge Fund Advisors joint venture that bought a Manhattan office building last year, alleging that a $19.2 million deductible applies for any coverage they may owe for losses from Superstorm Sandy.