MATTER OF UNION INDEM. INS. CO. OF NEW YORK


80 N.Y.2d 983 (1992)

In the Matter of the Liquidation of Union Indemnity Insurance Company of New York. Royal Bank and Trust Company, Respondent, v. James P. Corcoran, as Superintendent of Insurance of the State of New York, and as Liquidator of the Union Indemnity Insurance Company of New York, Appellant.

Court of Appeals of the State of New York.

Decided November 18, 1992.


Attorney(s) appearing for the Case

Herzfeld & Rubin, P. C., New York City (David B. Hamm and Herbert Rubin of counsel), and William F. Jerome, New York City, for appellant.

Gibson, Dunn & Crutcher, New York City (Jerry J. Strochlic and Edward T. Ferguson, III, of counsel), and Thomas A. Harnett, New York City, for respondent.

Concur: Acting Chief Judge SIMONS and Judges KAYE, TITONE, HANCOCK, JR., BELLACOSA and SMITH.


Order affirmed, with costs, for the reasons stated in the opinion of Justice Ira Gammerman at Supreme Court, New York County (148 Misc.2d 863), except insofar as it discusses the superseding legislation and the reasons for...

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