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BELCO PETROLEUM CORP. v. AIG OIL RIG, INC.

179 A.D.2d 516 (1992)

Belco Petroleum Corp. et al., Respondents, v. AIG Oil Rig, Inc., et al., Appellants, et al., Defendants

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

January 21, 1992

On the prior appeal (164 A.D.2d 583, 599) we took note of the allegation in the complaint that specified defendants "`have engaged in a pattern and practice of rescinding insurance policies, without regard to the merits of the grounds for rescission, whenever faced with a possibility of a significant claim on a policy'". We dismissed that pleading as conclusory, stating: "We think it incumbent on Belco, at the pleading stage, to disclose...

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