Plaintiff, a steel importer, commenced this action against defendant, an insurance broker, for breach of contract for failure to procure "all risk" insurance coverage, i.e., inclusive of both fresh and sea water rust damage for a shipment of steel en route from Korea. Defendant obtained coverage through its Brussels agent, but when plaintiff submitted a claim for rust damage, the claim was denied because the rust was not caused by sea water. Prior and subsequent to commencement...
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