The lawsuit alleges that the 35 linked MSG companies paid "millions of dollars in premiums," but "instead of honoring their obligations, the insurers have paid nothing for the MSG Insureds' losses."

A New York state appeals court is allowing the New York Botanical Garden to go forward with a business-interruption loss suit against an insurer that refused to pay for losses due to COVID-19 shutdowns.

The firm asserted that Nationwide Mutual Insurance Co. failed to assign a promised number of insurance claims to their adjusters.

The court's ruling pointed to an insurance policy's 'unambiguous' language centered on the insured's 'physical' losses.

The judge ruled it is still unclear whether the 'reasonable expectations' doctrine can be applied to a commercial insured, including the gym.

The lawsuit was brought on behalf of tenants at the 2 Gold St. and 201 Pearl St. buildings, both of which were evacuated.

The courtroom drama of the AIG fraud trial continued with a third day of testimony by former chairman Hank Greenberg.

Questions in the AIG fraud trial on Sept. 28 for Hank Greenberg, former CEO of AIG, focused on what he knew about an alleged sham transaction and when he knew it.