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Cleary Gottlieb sues insurer over storm damage
Cleary Gottlieb is seeking US$3m in damages over a power loss suffered because of Hurricane Sandy which it says generated that amount in loss of business.
Cleary Gottlieb is seeking US$3m in damages over a power loss suffered because of Hurricane Sandy pisaphotography
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The firm had paid for business interruption coverage as part of its insurance policy. It then suffered a loss of electricity, heat and use of the phone service for several days during the storm in 2012. Although there was a flood exclusion in the policy terms, the law firm claims that this was subordinated to an endorsement on business income. Source: ABA
