YOUNG v. SHERMAN


197 A.D.2d 450 (1993)

602 N.Y.S.2d 622

Richard Young et al., Plaintiffs, v. Marc Sherman et al., Defendants Insurance Company of North America, Appellant, v. Marc Sherman, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

October 21, 1993


Appellant, admittedly the carrier for the insured's excess automobile liability insurance, was properly ordered to pay the disputed portion of the settlement amount. The evidence and the inferences to be drawn therefrom support the conclusion that appellant, by advising the insured in 1988 that he would be covered for all liability in excess of $100,000, is equitably estopped from asserting its factually questionable claim that the insured was required to carry $250,000 in...

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