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LONG ISLAND R.R. CO. v. NATPERISK, INC.

183 A.D.2d 437 (1992)

Long Island Railroad Company, Respondent-Appellant, v. Natperisk, Inc., Formerly Known as National Preferred Risks, Inc., et al., Appellants-Respondents, et al., Defendant. (And a Third-Party Action.)

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

May 7, 1992

Defendants, insurance brokers, contractually undertook to procure insurance for plaintiff covering liability arising out of operation of its railroad stations. In particular, the insurance was to be non-cancellable except for non-payment of premiums. In fact, the policy procured by the brokers did not contain a waiver of the cancellation clause, and was cancelled within one year after it became effective. Plaintiff sued for the...

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