Federal Jury Rules Against Alliant Insurance Services Inc. on Hurricane Sandy Claims

 
 
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* New York
* HURRICANE SANDY
* Insurance Law

Industry:
* Legal

Location:
* New York City - New York - US

NEW YORK - June 23, 2016 - PRLog -- On Friday, June 17th,  at 5:00pm, a Federal Court jury in the Southern District of New York handed a second knockout blow to Alliant Insurance Services Inc., a national insurance brokerage firm that had bungled the insurance coverage for buildings at Industry City/ Bush Terminal ahead of Hurricane Sandy. Cammeby's is a New York real estate management company with an excess of $1.5 billion in properties under management.

Following a claim for $30,000,000.00 worth of hurricane-related damages at Industry City on October 29th 2012, Cammeby's insurance company, Affiliated FM, informed it that prior to the loss the coverage had been reduced by $20,000,000.00. Thereafter Cammeby's retained the highly regarded Insurance Coverage firm Weg and Myers to sue Affiliated FM and its insurance broker, Alliant Insurance Services.

In August of 2014, the case was tried for the first time by Weg and Myers' partner, Dennis D'Antonio. Prior to the first trial, a $1,000,000.00 settlement offer had been turned down. Following a two-week trial, a jury returned a $20,000,000.00 verdict in favor of Cammeby's finding that Alliant was negligent.  Thereafter, the verdict was set aside by Judge Rakoff based upon an instruction that had been given to the jury after they had begun deliberations. More recently, after turning down a $4,000,000.00 offer from Alliant, the matter proceeded to a second trial before Judge Rakoff that began on June 8, 2016.  At the second trial, the case was again tried by Dennis D'Antonio and his partner Joshua Mallin. On June 17th, a second jury in as many years returned a second $20,000,000.00 verdict against Alliant in favor of Cammeby's. Accordingly, the amount now due to Cammeby's, with interest, will exceed $26,000,000.

Cameby's was represented by Dennis D'Antonio and Joshua Mallin of Weg and Myers , PC,  who were assisted by associates Krysta Ku and Daniel Belzil.

Cammeby's trial attorney is Dennis D'Antonio, Esq. who is the managing Partner and lead trial lawyer for Weg and Myers, a boutique Manhattan Insurance Coverage firm representing the real estate industry in insurance coverage matters for over 30 years. Mr. D'Antonio's largest single insurance recovery to date is $150,000,000.00.

Alliant was represented at the first trial by Paul Kovner of Rubin Fiorella & Friedman LLP

Alliant was represented at the second trial by Paul Kovner of Rubin Fiorella & Friedman LLP and Richard A. Simpson and Benjamin C.Eggert of Wiley Rein LLP

For further information, please contact Dennis D'Antonio at 212.227.4210; 646.361.0693 or ddantonio@wegandmyers.com
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Tags:New York, HURRICANE SANDY, Insurance Law
Industry:Legal
Location:New York City - New York - United States
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