Court of Appeals of New York
FIRST FIN. INS. CO. v. JETCO CONTRACTING CORP., 3 No. 130
Once an insurer has sufficient knowledge of facts entitling it to disclaim, or knows that it will disclaim coverage, it must notify the policyholder in writing as soon as is reasonably possible. Furthermore, an unexcused 48-day delay is unreasonable as a matter of law.
Appellate Information
- Decided 11/20/2003
- Published 11/20/2003
Judges
Court
- Court of Appeals of New York