Year:
2011
Court:
Court of Appeals, State of New York
Case Number:
New York County Clerk’s Index No. 604517/2002
Issue:
- The “follow the fortunes” doctrine
State:
- New York
UP encouraged the Court to uphold a lower court’s decision below with respect to the “follow the fortunes” doctrine. The purpose of insurance is to insure – even when the insured is another insurance company. Further, policyholders, whether they are aware of it or not,…